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3 Months : From Nov 2019 to Feb 2020
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.
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(END) Dow Jones Newswires
November 25, 2019 08:54 ET (13:54 GMT)
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