Announced
Completed
Synopsis
viagogo, an online marketplace for ticket resale, completed the acquisition of StubHub, an online ticket exchange company, from eBay, a multinational e-commerce corporation, for $4bn. "The completed sale of StubHub to viagogo is a great outcome both in terms of the $4.05bn sale price and the potential StubHub has with its new owner. The StubHub transaction reinforces our commitment to creating shareholder value and is consistent with other steps we have taken such as margin improvement, share buybacks and issuing dividends. On behalf of the eBay team, we're excited to see how StubHub evolves in its next phase and benefits fans, partners and employees," Scott Schenkel, eBay Interim CEO. The CMA announced the launch of its merger inquiry by notice to the parties on 14 April 2020.
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