Viagogo buys rival ticketing website StubHub in $4bn deal

Secondary ticketing firm Viagogo has announced a $4bn (£3.1bn) deal to buy its rival StubHub, in a move it said would create more choice for customers.

Viagogo is buying its rival from eBay, which bought StubHub in 2007 for $310m.

It means Viagogo’s boss Eric Baker will be reunited with StubHub, which he co-founded but left before the eBay sale.

The deal comes after the UK’s competition authority suspended legal action against Viagogo after it made changes to the way it operates.

In September, Viagogo amended the way it presents information to customers which the Competition and Markets Authority (CMA) said meant the website was now “worlds apart” from the one that prompted the legal action.

Source: https://www.bbc.com/news/business-50549048

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