The Strategist

Swiss viagogo pays $4,05B for eBay's StubHub service

02/14/2020 - 07:22

The world's largest online auction site, eBay, has completed the sale of its StubHub service to the Swiss viagogo ticketing platform for $ 4.05 billion, according to the company’s message.

"eBay Inc .... today announced that it has completed the sale of StubHub to viagogo for $ 4.05 billion," the release said. The deal was announced last November.

After closing the transaction, eBay expects net revenue of $ 2.31-2.36 billion in the first quarter of 2020, which is below the January forecast of 2.55-2.6 billion. The revision takes into account the sale of StubHub. For this period, the company forecasts diluted earnings per share at $ 0.54-0.57, which is higher than the estimate from the annual financial report of $ 0.5-0.53 due to the effect of the stock repurchase program.

eBay Inc. is a company providing services in the field of online auctions and online stores. It was founded in 1995. Headquartered in San Jose, California. StubHub specializes in ticket exchange and resale.

viagogo is the global online sports, music and entertainment ticketing platform.