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Viagogo Acquires Ticket Marketplace StubHub from eBay for USD 4.05bn in Cash
Friday 29 November 2019

29 November 2019 - US-based commerce company eBay Inc. (NASDAQ: EBAY) has agreed to sell ticket marketplace StubHub to Swiss ticket marketplace provider viagogo for USD 4.05bn in a cash transaction, the company said.
The combination of the two companies will form a global live experiences marketplace as viagogo provides added flexibility and resources to drive global reach of StubHub.
Both viagogo and StubHub provide fans with transparency, choice and competitive prices for tickets and do so in a trusted and secure environment with fan-protect guarantees.
Combined, these complementary marketplaces will sell hundreds of thousands of tickets daily across more than 70 countries, giving fans seamless access to a wider selection of inventory around the world, while sellers, teams and artists will have the ability to more effectively reach a broader global audience.
Goldman Sachs and Co. LLC is acting as financial advisor to eBay. Wachtell, Lipton, Rosen and Katz and Quinn Emanuel are acting as legal advisors to eBay. J.P. Morgan is acting as sole financial advisor and sole underwriter of the committed debt and preferred equity financings for viagogo. Skadden, Arps, Slate, Meagher and Flom LLP and Kirkland and Ellis LLP are acting as legal advisors for viagogo.
eBay Inc. is a global commerce leader including the Marketplace, StubHub and Classifieds platforms.
StubHub is a ticket marketplace spanning 44 countries that enables fans to buy and sell tickets to tens of thousands of events. Business partners include more than 130 properties globally across the NFL, MLB, NBA, NHL, MLS, WWE, NCAA, Matchroom Boxing, plus Paciolan, Tessitura and Roundabout Theatre company.
Date Published: 29/11/2019
Target: StubHub
Country: USA
Deal Size: 4.05bn (USD)
Sector: Leisure/Arts
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: eBay Inc
Buyer: viagogo
Buyer Advisor: Skadden, Arps, Slate, Meagher and Flom , Kirkland and Ellis LLP