Viagogo buys StubHub from eBay for $4.05bn: ‘a win-win deal for fans’
A major business deal has been confirmed in the sports ticketing industry with news that eBay Inc has agreed to sell StubHub to viagogo for $4.05bn in cash.
The sale is expected to close by the end of the first quarter of 2020, subject to regulatory approval and customary closing conditions.
Eric Baker, viagogo’s founder and CEO, also co-founded StubHub while in business school, but left before the business was sold to eBay for $310m in 2007. He said it has been his “wish” to unite the two companies.
“I am so proud of how StubHub has grown over the years and excited about the possibilities for our shared future,” Baker added.
“Buyers will have a wider choice of tickets, and sellers will have a wider network of buyers. Bringing these two companies together creates a win-win for fans -...