EBay selling StubHub to viagogo for $4.05 billion

The Associated Press EBay is selling StubHub to ticket seller viagogo for $4.05 billion in cash. The transaction is part of a review that eBay undertook earlier this year following pressure from an activist investor. The San Jose, California-based company then said it was also reviewing options for its classified ads business. EBay Inc. bought StubHub in 2007 for $310 million. Both StubHub and the classifieds business each brought in less than 10% of eBay's total revenue last year. The addition of StubHub will allow viagogo to sell tickets in more than 70 countries and give buyers access to a wider selection of tickets. Viagogo's founder and CEO Eric Baker is a StubHub co-founder. In a statement, Baker said it has been his longtime wish to unite the two companies. The sale is targete
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