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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| eBay Inc | NASDAQ:EBAY | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.56 | 1.09% | 51.90 | 51.09 | 51.99 | 52.19 | 51.20 | 51.30 | 4,985,632 | 01:00:00 |
From Apr 2019 to Apr 2024
EBay Inc. on Tuesday said it had reached a deal to acquire Spain's online ticket platform, Ticketbis, as it looks to expand its StubHub business abroad.
Terms of the deal weren't disclosed. Ticketbis, which operates in 47 countries, will bulk up No. 1 U.S. ticket marketplace Stubhub's presence in Latin America and Europe, as well as adding operations in the Asia-Pacific region.
StubHub expanded into Mexico earlier this month, into Germany in September and into the United Kingdom in March 2012.
The transaction is expected to close in mid-2016 and won't impact eBay's second-quarter or full-year 2016 guidance.
StubHub, which takes a cut from tickets it sells, drove $3.5 billion in gross merchandise value—or the amount of sales it helps facilitate—in 2015 and ended the year with $725 million in revenue.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
May 24, 2016 11:45 ET (15:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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