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Viagogo agrees to buy StubHub from eBay in US$4bn deal

Credit: Proactive Investors- Published on November 25, 2019
Ticket reseller Viagogo has agreed to buy its rival site StubHub from eBay Inc (NASDAQ:EBAY) in a deal worth US$4bn (Β£3.1bn). The merger will see StubHub return to its co-founder, Eric Baker, who left the company before it was sold to eBay in 2007 for US$310mln. β€œIt has long been my wish to unite the two companies. I am so...
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Credit: Wochit
Published on November 25, 2019 -  00:27
EBay Sells StubHub For $4.05 Billion
FILE PHOTO: The eBay logo is pictured on a phone screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration (Reuters) - EBay Inc (EBAY.O) will sell its ticketing unit, StubHub, for $4.05 billion to ticket reseller Viagogo Ltd in an all-cash deal, the companies said on Monday. Shares of eBay were up more than 5% before the opening bell. The deal is expected to close by the end of the first quarter of 2020.

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