Apparently this has been rumored for some time now. StubHub is an online marketplace for the resale of event tickets, and eBay obviously wants a larger piece of the pie in that area as well.
“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.”
“StubHub’s business model is an excellent fit with eBay, a company we’ve admired for a long time,” said Jeff Fluhr, founder and CEO of StubHub. “StubHub exists to serve passionate fans – and we feel great knowing our customers will benefit from the power of eBay and its community of users.”
The deal is scheduled to go through during the first quarter this year if all goes well with stockholders and so on. It probably does. More at GigaOM and TechCrunch as usual.
Originally posted on January 11, 2007 @ 6:00 am