Vivid Seats acquired Fanxchange for $60m.

Vivid Seats, an independently owned and operated online ticket marketplace, acquired Fanxchange, Canada-based provider of sports, concerts, and theater events tickets online, for $60m. "Vivid Seats is constantly exploring new ways to deliver more of the unparalleled joy of live events that has fueled our success to date," said Stan Chia, Vivid Seats' CEO. "With Fanxchange, their focus on servicing the live event ticketing needs of distribution partners is an important complement to the consumer marketplace that we've built to date. We are thrilled to add their talented team and robust B2B platform, ultimately connecting more fans, sellers, and partners with superior technology and the best marketplace experience."