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
  -1.28 -4.26% 28.78 28.51 29.21 29.75 28.475 29.34 14,341,148 22:28:49

UK CMA to Probe Viagogo's Acquisition of eBay's StubHub Ticketing Business

13/12/2019 11:55am

Dow Jones News

Historical Stock Chart

6 Months : From Oct 2019 to Apr 2020

Click Here for more eBay Charts.
   By Ian Walker 

The U.K. Competition and Markets Authority said Friday that it is considering whether Viagogo Entertainment Inc.'s acquisition of EBay Inc's (EBAY) StubHub ticketing business will lessen competition in any U.K. market.

The regulator said that it is inviting comments from interested parties on their views by Jan. 10 before it makes a decision whether to proceed with a formal review of the deal.

EBay said last month that it had reached a deal to sell StubHub to Swiss ticket reseller Viagogo for $4.05 billion in cash. StubHub, one of the most popular platforms to buy and sell tickets to concerts, sports and other events, accounted for about 14% of the company's revenue in the third quarter.

Geneva-based Viagogo is an online marketplace for the resale of live sports, music and entertainment tickets. While both companies engage in ticket resale, Viagogo is a significant player internationally, while StubHub is mostly present in the U.S.

The deal is expected to close by the end of the first quarter of 2020, subject to regulatory approval and customary closing conditions.


Write to Ian Walker at; @IanWalk40289749


(END) Dow Jones Newswires

December 13, 2019 06:40 ET (11:40 GMT)

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

1 Year eBay Chart

1 Year eBay Chart

1 Month eBay Chart

1 Month eBay Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200401 21:52:53