EBay is selling its StubHub ticketing businesses to Viagogo, a European rival, in a $4 billion deal.
The two companies announced the all-cash deal Monday. Once completed, the combined company will be massive: It expects to sell hundreds of thousands of tickets each day across more than 70 countries. EBay interim CEO Scott Schenkel said in a press release that the transaction"maximizes long-term value for eBay shareholders" and concluded this was the"best path forward for both eBay and StubHub.
During the FIFA World Cup in 2018, the governing body of the soccer tournament filed a criminal complaint against the company from consumers and watchdog groups about"opaque and deceptive business conduct." It was also in hot water from the United Kingdom for similar"deceptive" practices.Selling off StubHub comes amid a broader review of eBay's businesses.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
StubHub Sold by eBay for $4 Billion to ViagogoOnline commerce company eBay has landed a buyer for StubHub, announcing a pact to sell the unit to Viagogo for $4.05 billion in cash — bringing together two of the world’s biggest ticke…
Lire la suite »
WSJ News Exclusive | EBay Nears Deal to Sell StubHub to Viagogo for Roughly $4 BillionEBay is nearing a deal to sell its StubHub ticketing business to Swiss ticket reseller Viagogo Entertainment, according to people familiar with the matter.
Lire la suite »
J.J. Abrams Reveals Real ‘Star Wars: Rise of Skywalker’ Script Ended Up on eBay“Star Wars: The Rise of Skywalker” doesn’t arrive in theaters until Dec. 20, but some savvy fans almost got a chance to find out the conclusion to the Skywalker saga early. Disney…
Lire la suite »
I'm A Celeb's Ian Wright 'fuming' as football memorabilia sold on eBayFootball legend Ian Wright's most prized sporting possessions are up for sale on eBay - but the I'm A Celeb star is not the seller
Lire la suite »
StubHub Sold by eBay for $4 Billion to ViagogoOnline commerce company eBay has landed a buyer for StubHub, announcing a pact to sell the unit to Viagogo for $4.05 billion in cash — bringing together two of the world’s biggest ticke…
Lire la suite »
WSJ News Exclusive | EBay Nears Deal to Sell StubHub to Viagogo for Roughly $4 BillionEBay is nearing a deal to sell its StubHub ticketing business to Swiss ticket reseller Viagogo Entertainment, according to people familiar with the matter.
Lire la suite »