Thursday, January 11, 2007

eBay acquires online tickets marketplace StubHub

eBay announced on 10 January 2007 it has agreed to acquire privately held StubHub, a leading online marketplace for the resale of event tickets.
The acquisition will enable eBay to expand its presence and offering in the online tickets segment, while allowing StubHub to continue to scale its business with the e-commerce expertise and resources of eBay.
eBay has agreed to purchase StubHub for an estimated aggregate value of approximately USD 310m, which will include the company's net cash as of the closing. The final amount will be determined at closing payable in cash.
StubHub is the fan's ticket marketplace, enabling customers to buy and sell tickets at fair market value to a vast selection of sporting, concert, theater and other live entertainment events, even those that are "sold out".


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