News

Ebay to sell enterprise unit

E-commerce company eBay said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings. The deal leaves eBay with its slow-growing marketplace business, which faces stiff competition from rivals such as Amazon.com. Analysts, however, were bullish on eBay's prospects as a standalone company.