eBay Inc. Completes Sale of eBay Enterprise
November 02 2015 - 5:10PM
Business Wire
Consortium of buyers led by Sterling Partners
and the Permira Funds acquires eBay Enterprise businesses
eBay Inc. (NASDAQ: EBAY) today completed the previously
announced sale of eBay Enterprise to a consortium consisting of
Sterling Partners, Longview Asset Management, and the Innotrac
Corporation, a Sterling Partners portfolio company, together in
partnership with companies owned by the Permira Funds for $925
million.
The consortium of buyers has separated eBay Enterprise into four
distinct businesses:
- Enterprise
Operations & Enterprise Technology Services is owned
by Sterling Partners.
- The Magento
Commerce Technologies business is owned by the Permira
Funds.
- The Marketing
Solutions business is owned by the Permira Funds.
- The CRM
business is owned by the Permira Funds.
About eBay
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including
the eBay, StubHub and eBay Classifieds platforms. Collectively, we
connect millions of buyers and sellers around the world, empowering
people and creating opportunity through Connected Commerce. Founded
in 1995 in San Jose, Calif., eBay is one of the world’s largest and
most vibrant marketplaces for discovering great value and unique
selection. In 2014, eBay enabled $83 billion of gross merchandise
volume. For more information about the company and its global
portfolio of online brands, visit www.ebayinc.com
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version on businesswire.com: http://www.businesswire.com/news/home/20151102006822/en/
eBayAbby Smith, 408-376-5316
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