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

ShoutCentral Sold for $13,800

We just noticed that Write/Write Web reported yet another eBay sale of web 2.0 site.

Ever wondered what a MySpace-like social network site, which are seemingly a dime a dozen these days, is worth on the open market? Well the developers of, which claims to have "over 1,000 users", has just sold their SNS for $13,800 on eBay. The sellers were originally after $15k, so it was close to what they wanted. This was the eBay auction write-up:

"Now is your chance to buy a premier social network already generating buzz around the Internet. With over 1,000 users and a completely custom coded network you can become the next Tom from MySpace!! I have spent the last year building this website from the ground up using PHP and AJAX on a MySQL backend and poured my sweat and tears working many a late night to add new features. The reason I am selling the site is due to my lack of time to update and improve the site. Hopefully the right someone can acquire it and continue to make the site better and grow the community. The code can be easily modified to add whatever you choose."

More on Write/Write Web

News Corp really paid about $200M for MySpace

An interesting comment made by Jon on read/write web about MySpace's deal.

"This is nitpicking, but people always say NewsCorp bought MySpace for $580M. I was a shareholder, and the fact is NewsCorp bought InterMix for $580M. InterMix had many highly profitable divisions, from gift card sites to office supplies, and had a public marketcap of $300M long before they ever started MySpace. So one can estimate NewsCorp really paid about $200M for MySpace. That translates to about $7.40 per MySpace user. You have to hand it to Rupert Murdoch, he got the deal of the century."

We think the deal of the century is Google's purchase of YouTube, since they just surpassed by popularity, and who knows they might become more popular than Google itself !?