Ebay plans to sell corporate division for $ 900 million

Ebay is preparing to sell its corporate division , which has helped large retailers maintain their online stores. According to the Wall Street Journal , the company is now considering the possibility of selling this unit to a group of private investors led by Permira for $ 900 million.

Perhaps the deal will be announced today, one day before the completion of the selection of PayPal in an independent department.

It is worth noting that the company Ebay spent about $ 2.4 billion for the purchase of the corporate unit in 2011, then it was the company GSI Commerce, according to Techcrunch . If the deal with Permira really takes place, Ebay will receive losses of more than a billion dollars.

Earlier, another potential buyer, Thomas H. Lee Partners LP, offered $ 1 billion for the corporate division of Ebay.
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With the growing influence of competitors, for example, Amazon, Ebay is engaged in optimizing its business, and determining the best areas of work. So, the possible sale of Ebayenterprise was announced back in February, the company also announced the allocation of PayPal into an independent working unit. In addition, this year eBay has reduced about 7% of employees, which is about 2,400 people.

Ebay also sold a 28.4% stake in Craigslist.