E-commerce giant Ebay has sold its enterprise unit to a consortium consisting of Sterling Partners, Longview Asset Management, and Innotrac Corporation, together in partnership with companies owned by the Permira Funds for $925 million.

Ebay Enterprise offers corporate customers services around the development and management of online retail platforms. Being acquired four years ago at a price of $2.4 billion, Ebay sells it now for a substantial lower amount of the former investment. The enterprise unit has been registering lower results than expected.

Parallel to this, Ebay established its payment service PayPal as an independent company on July 17, which will go public within the next days. Being a separate organization should allow PayPal to better compete with other competitors such as Apple and Google, who have recently launched payment services.