EBay to sell StubHub to competitor viagogo for $4.5 billion US

EBay is selling StubHub to ticket seller viagogo for $4.5 billion US.

The addition of StubHub will allow viagogo to sell tickets in more than 70 countries and gives buyers access to a wider selection of tickets.

EBay bought StubHub in 2007 for $310 million.

Viagogo’s founder and CEO Eric Baker is a StubHub co-founder.

The sale is targeted to close by the end of 2020’s first quarter.

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