EBay Nears Deal to Sell StubHub to Viagogo for Roughly $4 Billion
November 25 2019 - 9:09AM
Dow Jones News
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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