Report: eBay may have more deals up its sleeve

San Jose, Calif. – The upcoming spinoff of its PayPal unit may not be the only deal eBay Inc. has in the works.



According to Reuters, eBay is in advanced talks with private equity firm Thomas H. Lee Partners LP to acquire eBay’s enterprise business for close to $1 billion.



Thomas H. Lee is said to the leading bidder among several companies considering a purchase of eBay Enterprise. No sale to the private equity firm or any other suitor is guaranteed. A number of eBay Enterprise clients, most recently Toys R Us Inc., have shifted their e-commerce operations in-house.



eBay Enterprise, which evolved from eBay’s $2.4 billion purchase of GSI Commerce in 2011, supports online activities of other retailers. In January, eBay said it would explore “strategic alternatives” for its enterprise division. eBay declined comment.