EBay Up 6%; To Sell StubHub to Viagogo

Date : 11/25/2019 @ 2:41PM
Source : Dow Jones News
Stock : eBay Inc (EBAY)
Quote : 38.14  0.95 (2.55%) @ 12:21AM
After Hours
Last Trade
Last $ 37.90 ▼ -0.24 (-0.63%)

EBay Up 6%; To Sell StubHub to Viagogo

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By Michael Dabaie

 

EBay Inc. (EBAY) shares were up 6% premarket, to $37.10.

EBay Inc. on Monday confirmed it would sell the StubHub ticketing business to Swiss ticket reseller Viagogo Ltd. for a purchase price of $4.05 billion in cash.

Shares initially rose premarket after The Wall Street Journal reported that eBay was nearing a deal to sell StubHub to Viagogo, citing people familiar with the matter.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

November 25, 2019 09:26 ET (14:26 GMT)

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

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