eBay: to sell StubHub to Viagogo for USD4.05bn
(CercleFinance.com) - On Monday eBay announced the sale of StubHub, its ticketing company, to the Swiss group Viagogo.
The online auction giant said that the deal amounted to 4.05 billion dollars.
"Over the past several months, eBay's leadership team and Board of Directors have been engaged in a thorough review of our current strategies and portfolio, and we concluded that this was the best path forward for both eBay and StubHub. We firmly believe in the StubHub business and we are excited about its future growth potential with viagogo as its owner," said Scott Schenkel, eBay's interim CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The online auction giant said that the deal amounted to 4.05 billion dollars.
"Over the past several months, eBay's leadership team and Board of Directors have been engaged in a thorough review of our current strategies and portfolio, and we concluded that this was the best path forward for both eBay and StubHub. We firmly believe in the StubHub business and we are excited about its future growth potential with viagogo as its owner," said Scott Schenkel, eBay's interim CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.