EBay Earnings Mixed, Sells Unit Ahead Of PayPal Split

By | July 16, 2015

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EBay (EBAY) early Thursday reported mixed second-quarter earnings and announced the sale of a business unit, as it readies its PayPal spinoff set for Friday. EBay said it’s reached an agreement to sell its Enterprise business, which develops websites for retailers, for $925 million to private equity firms Permira and Sterling Partners. EBay reported revenue of $4.38 billion, up 3% from the year-earlier quarter and the company’s fifth quarter in a Scalper1 News

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