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eBay’s Next Spin-Off Is Its Enterprise Unit

Key Takeaways from eBay's 2Q15 Results

(Continued from Prior Part)

eBay is selling its Enterprise division for $925 million

After dealing with PayPal (PYPL), eBay (EBAY) is moving to its next spin-off—its Enterprise unit. For quite some time, eBay had been looking to sell its Enterprise business. It announced a deal a few minutes before the earnings call.

eBay sold its Enterprise business for $925 million to a consortium that consists of Sterling Partners, Longview Asset Management, and Innotrac Corporation—a Sterling Partners portfolio company—along with companies owned by the Permira Funds. The deal is expected to close in 2H15.