EBay to sell its ticketing unit StubHub to ticket reseller Viagogo. The deal is expected to close by the end of the first quarter of 2020
) will sell ticketing unit StubHub to ticket reseller Viagogo Ltd for $4.05 billion in cash, the companies said on Monday, nearly a year after the ecommerce major came under pressure from activist investors to hive off some of its businesses.
Elliott valued StubHub between $3.5 billion and $4.5 billion, while eBay Classifieds between $8 billion and $12 billion. Following the activist investors’ request, eBay made changes to its board of directors in March. It announced a review of its StubHub and eBay Classifieds businesses as part of an agreement with activist investors to avert a proxy contest.
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StubHub Sold by eBay for $4 Billion to ViagogoOnline commerce company eBay has landed a buyer for StubHub, announcing a pact to sell the unit to Viagogo for $4.05 billion in cash — bringing together two of the world’s biggest ticke…
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WSJ News Exclusive | EBay Nears Deal to Sell StubHub to Viagogo for Roughly $4 BillionEBay is nearing a deal to sell its StubHub ticketing business to Swiss ticket reseller Viagogo Entertainment, according to people familiar with the matter.
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EBay is selling off StubHub in a $4 billion dealEBay is selling its StubHub ticketing businesses to Viagogo, a European rival, in a $4 billion deal.
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EBay spikes on a report that it's nearing a deal to sell StubHub for $4 billionIf the deal is confirmed, StubHub will be sold to Viagogo, a Swiss ticket reseller. Eric Baker, the CEO of Viagogo, cofounded StubHub.
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eBay Selling StubHub to Viagogo for $4 BillionStubHub is changing hands. eBay announced on Monday it has agreed to sell the secondary ticketing giant to Geneva-based resale marketplace Viagogo for a price tag of $4.05 billion in cash.
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$4 Billion Sale Of StubHub Came After Pressure from Activist Investors In EBayEBay's $4 billion sale of ticket reseller StubHub to Swiss competitor Viagogo came after pressure from activist investors in eBay by lisettevoytko
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