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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.
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(END) Dow Jones Newswires
November 25, 2019 09:26 ET (14:26 GMT)
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