StubHub is changing hands. eBay announced on Monday it has agreed to sell the secondary ticketing giant to Geneva-based resale marketplace Viagogo for a price tag of $4.05 billion in cash. Combining the two companies, if approved by regulators, would boost their overall reach to over 70 countries., who left the former before it was sold to eBay for $310 million in 2007. "It has long been my wish to unite the two companies,” he said.
The sale is expected to close by the end of the first quarter of 2020, subject to regulatory approval and closing conditions. Goldman Sachs & Co. LLC is acting as financial advisor to eBay. Wachtell, Lipton, Rosen & Katz and Quinn Emanuel are acting as legal advisors to eBay.said the company believes the transaction will maximize the “long-term value for eBay shareholders.
The proposed sale will likely raise concerns among watchdog groups, and in certain markets where Viagogo has courted controversy. Earlier this year, Google reportedly
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