The accelerating growth of e-business and technologies has raised the interest in transforming traditional business models or developing new ones. Most of the e-business model research has been devoted to giving taxonomies of e-business models. Though defining e-business model and decomposing it into atomic elements traditionally has been a task for researchers, the concepts surrounding them have been subject to debate lately. While there is an extensive research conducted towards identifying and analyzing key components in e-business models, limited research has been noted in identifying component values or factors and the interconnections between components. In this thesis we review the e-business models literature using literature study in order to give an overview of e-business model definitions, identify the component values and interconnections between components and finally a framework provided that shows all these components, values and interconnections.