Connect with us

Hi, what are you looking for?

Jewish Business News

Business

ebay is leaving enterprise behind

Scene Last Night: Blankfein,   Robertson,   Wurth,   Thomas H. Lee

eBay officially announced that it would be selling its enterprise business to a consortium of buyers led by private equity firm Permira in a $925 million deal. According to analysts, the sell-off is likely a way for eBay to get rid of unnecessary burdens ahead of its divorce with PayPal – a separation set for Friday (July 17), and to be finalized over the weekend when on Monday, PayPal will begin trading on its own…

READ MORE:

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Earlier this week Reuters reported that Thomas H. Lee Partners LP was in “advanced talks” to acquire the assets for as much as $1 billion, according to unnamed sources. They added that while Thomas H. Lee outbid competing offers, discussions had reached a standstill over pricing disagreements. It was not immediately clear whether Thomas H. Lee remains a part of the deal, which includes Sterling Partners, Longview Asset Management and Sterling Partners portfolio company, Innotrac Corporation…

Continue reading 

pymnts

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.