Lee Partners LP to sell the unit for as much as $1 billion, according to reports.
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Separately, TheStreet Ratings team rates EBAY INC as a Buy with a ratings score of B.
Bloomberg News reported last month that Thomas H. Thomas H. Lee and eBay declined to comment.
eBay’s enterprise business helps retailers across the globe boost their online presence and ecommerce capabilities, Reuters noted.
eBay’s enterprise internet marketing business, formerly generally known as GSI Commerce, aids retail stores around the whole world reinforce their personal on the web appearance and online stores possibilities. amazon said in January that likely it would probably investigate required options of the product, that wont physically fit nicely possessing PayPal and the marketplace fields.
However, it is important to note that the deal has come under uncertainty, as one of the biggest client for eBay’s enterprise unit, Toys “R” Us is looking to scale back on the outsourced operations, and taking control of its e-commerce business by mid-2016.
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Lee had outbid other potential suitors including a grouping of private-equity firms, Apax Partners and Sterling Partners, people familiar with the matter said. In recent weeks, Thomas H. Lee has raised approximately $21 billion of equity capital and invested in more than 130 portfolio companies with an aggregate value of over $150 billion since it was founded in 1974, reports says.
