Sunday, January 14, 2007

eBay Bought StubHub For $310 million

eBay Inc. (NASDAQ: EBAY) today announced it has agreed to acquire privately held StubHub, a leading online marketplace for the resale of event tickets.

The acquisition will enable eBay to expand its presence and offering in the online tickets segment, while allowing StubHub to continue to scale its business with the e-commerce expertise and resources of eBay.

"StubHub has been extremely successful in the online tickets segment, and it's a perfect complement to eBay's tickets business," said Bill Cobb, president, eBay North America Marketplaces. "Together we can strengthen both businesses and provide fans with more choice and better service."

More from their official press release

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