How to lose a billion dollars, the eBay way

Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter…

GSI Commerce was acquired by eBay for $2.4 billion in 2011. It has lost customers and seen sluggish growth in the past few years as its clients move their online operations in-house.

via UPDATE 1-Thomas H. Lee in the lead to buy eBay’s enterprise unit -sources | Reuters.

Advertisements