eBay Inc (NASDAQ:EBAY) Sells Enterprise Unit at Knock-Down PriceAuthor: Victor AlagbeLast Updated: March 12, 2020 eBay Inc is on track to have a splendid trading session on Thursday as everything seems to fall into place for the firm. eBay reported its second quarter results (Q2 2015) before the market opened today and the stock is already up 3.40% in pre-market trading. If all goes in line with the current trend, eBay should open today’s trading session at a new 52-week high trading price of $65.60.Putting the House in OrdereBay is on track to complete the spinoff of PayPal (its payment segment) tomorrow. The proposed spinoff of PayPal was in line with eBay’s plan to go back to its core business as a marketplace. The firm was already divesting itself of non-core units. The PayPal spinoff will be concluded tomorrow. eBay has sold its stake in Craigslist for an undisclosed sum. The firm has also settled some litigation.However, it has not been able to sell its eBay enterprise unit, formerly known as GSI Commerce. Last week news broke that the plan to sell that enterprise segment suffered a massive loss after one of the clients jumped ship. The divestiture of the enterprise unit is key to plugging the leak in eBay’s ship.Success at LastA Reuters report from this morning has it that eBay has succeeded in its push to sell that enterprise unit. The report has it that it is now selling its enterprise unit to a group led by private equity firm Permira for $925M. eBay bought GSI for $2.4B in 2011 and its $900M price tag is less than half of its cost price.However, the $900M price tag is more than what eBay could have gotten if it has sold the unit to Thomas H. Lee Partners. Thomas H. Lee was offering $800M and they would have offered significantly less after the unit lost a client last week. In essence, it’s a win-win situation for eBay, it divested the unit and it got a decent price for the sale.eBay Delivers Earnings and Revenue BeateBay reported second quarter (Q2 2015) financials that beats the estimates in the top and bottom lines. The firm reported earnings non-GAAP earnings of $0.76 per share on revenue of $4.4B excluding enterprise which is being sold.The consensus analysts estimate was that eBay will deliver earnings of $0.73 on revenue of $4.5B (the estimate includes the enterprise unit). Enterprise generated $300M in revenue in the second quarter, but it is now considered a discontinued operation; otherwise, revenue would have been around $4.7B.