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Vivid Seats Acquires Canada-based Fanxchange for CDN 85m
Monday 15 April 2019

15 April 2019 - Chicago, US-based ticket marketplace Vivid Seats has acquired Canada-based Fanxchange, focussed on B2B, enterprise and distribution, the company said.

Vivid Seats acquired Fanxchange for up to CDN 85m (USD 60m).

With Fanxchange's portfolio of partners, Vivid Seats will now power ticketing for some of the largest brands, providing their consumers access to their favorite live events via best-in-class technology.

The deal is the first acquisition for Vivid Seats, and will further its position as one of the most trusted, authoritative and comprehensive ticket marketplaces in North America.

Vivid Seats is an independent marketplace for tickets to live sports, concerts and theater events, and the industry's provider of technology platforms and service solutions.

Fanxchange is in powering white-labeled live event ticketing solutions for major loyalty programs, financial institutions, travel providers, hotel operators, e-commerce marketplaces, and distribution partners; providing users with access to tickets for all their favorite live events.
Details
Date Published: 15/04/2019
Target: Fanxchange
Country: Canada
Deal Size: 60m (USD)
Sector: Leisure/Arts
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Vivid Seats
Comment:
Terms of the deal were not disclosed

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