eBay Inc. Completes Sale of eBay Enterprise
By: eBay News Team
A consortium of buyers led by Sterling Partners and the Permira Funds acquires eBay Enterprise businesses.
eBay Inc. 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.
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