EBay Nears Deal to Sell StubHub to Viagogo for Roughly $4 Billion

Date : 11/25/2019 @ 2:09PM
Source : Dow Jones News
Stock : eBay Inc (EBAY)
Quote : 38.2  0.51 (1.35%) @ 5:00AM
After Hours
Last Trade
Last $ 38.10 ▼ -0.10 (-0.26%)

EBay Nears Deal to Sell StubHub to Viagogo for Roughly $4 Billion

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By Cara Lombardo and Corrie Driebusch 

EBay Inc. is nearing a deal to sell its StubHub ticketing business to Swiss ticket reseller Viagogo Entertainment Inc., according to people familiar with the matter.

A deal could be announced as soon as Monday and value StubHub at about $4 billion, the people said.

EBay has owned StubHub since 2007 when it bought the business for $310 million. StubHub, one of the most popular platforms to buy and sell tickets to concerts, sports and other events, accounted for about 14% of the company's revenue in the third quarter.

Write to Cara Lombardo at cara.lombardo@wsj.com and Corrie Driebusch at corrie.driebusch@wsj.com

 

(END) Dow Jones Newswires

November 25, 2019 08:54 ET (13:54 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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