17 Jul 2015
Minutes before today's split of EBay and PayPal, EBay has dumped its Enterprise unit for just short of $1 billion. The company helps run Ikea, Timberland and iRobot. The purchaser, a group that paid $925 million, includes private-equity firms Permira and Sterling Partners.
EBay bought GSI Commerce for $2.4 billion in 2011 and converted it to the Enterprise business. The deal was supposed to help