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Recommended Reading: He bought StubHub right before the pandemic
Noah Kirsch, Forbes In November, Eric Baker’s online ticket marketplace Viagogo purchased rival StubHub for $4 billion.
eBay is selling StubHub to Viagogo for $4.05 billion
StubHub will soon have a new owner if all goes to plan. Viagogo, another ticket resaler, has agreed to buy it from eBay for $4.05 billion. The sale should close by the end of March, pending regulators' approval and customary closing conditions.
StubHub and Viagogo raided in UK ticket touting probe
Scalpers aren't unique to the UK, but the government has made stamping out ticket touts one of its top priorities. Ministers have already set out legislation as part of the Digital Economy Act that will make the use of ticket-buying bots illegal, but regulators are also putting the squeeze on secondary ticket sellers. The Guardian reports that the Competition and Markets Authority (CMA) raided the offices of secondary ticket marketplaces StubHub and Viagogo as part of a probe into "suspected breaches of consumer law."
