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StubHub sells a range of tickets on its site at fixed prices, frequently at far more than their face value. It makes money by charging 25% in fees and commissions on all sales. The tickets sold on the site are genuine, with StubHub offering a money-back guarantee to ensure that buyers are not cheated. This seems to be a sensible acquisition for <a href="http://www.ebay.com/">eBay</a>, as StubHub relates directly to the company’s core business, and will bolster eBay's already sizeable share of the ticket resale market. According to eBay North America president Bill Cobb: <blockquote> "StubHub has been extremely successful in the online tickets segment, and it's a perfect complement to eBay's tickets business. Together we can strengthen both businesses and provide fans with more choice and better service." </blockquote> Back in 2002, eBay had offered to buy the company for $20m, but talks broke down. The deal also represents a win for <a href="http://www.pequotventures.com/team/bio.php?ID=12&catid=17">Pequot Ventures</a>, which invested around $25m in the company in 2005. Eric Baker, formerly of StubHub, recently set up a <a href="/blog/179-new-website-targets-ticket-touts">UK secondary ticket website</a> for entertainment and sports events, <a href="http://www.viagogo.com/">Viagogo.com.</a> Further Reading: <a href="/blog/331-ebay-launches-new-uk-shopping-service">Ebay launches new UK shopping service</a> <a href="/blog/394-rise-in-profits-announced-by-ebay">Rise in profits announced by eBay</a>

<FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>StubHub sells a range of tickets on its site at fixed prices, frequently at far more than their face value. It makes money by charging 25% in fees and commissions on all sales. </Paragraph> <Paragraph>The tickets sold on the site are genuine, with StubHub offering a money-back guarantee to ensure that buyers are not cheated. </Paragraph> <Paragraph>This seems to be a sensible acquisition for <Link URL="http://www.ebay.com/" Window="New">eBay</Link>, as StubHub relates directly to the company’s core business, and will bolster eBay's already sizeable share of the ticket resale market. </Paragraph> <Paragraph>According to eBay North America president Bill Cobb:</Paragraph> <Block> <Paragraph> <Quote>"StubHub has been extremely successful in the online tickets segment, and it's a perfect complement to eBay's tickets business. Together we can strengthen both businesses and provide fans with more choice and better service."</Quote> </Paragraph> </Block> <Paragraph>Back in 2002, eBay had offered to buy the company for $20m, but talks broke down. The deal also represents a win for <Link URL="http://www.pequotventures.com/team/bio.php?ID=12&catid=17" Window="New">Pequot Ventures</Link>, which invested around $25m in the company in 2005. </Paragraph> <Paragraph>Eric Baker, formerly of StubHub, recently set up a <Link URL="/blog/179-new-website-targets-ticket-touts" Window="New">UK secondary ticket website</Link> for entertainment and sports events, <Link URL="http://www.viagogo.com/" Window="New">Viagogo.com.</Link></Paragraph> <Paragraph>Further Reading:<LineBreak /><Link URL="/blog/331-ebay-launches-new-uk-shopping-service" Window="New">Ebay launches new UK shopping service</Link><LineBreak /><Link URL="/blog/394-rise-in-profits-announced-by-ebay" Window="New">Rise in profits announced by eBay</Link></Paragraph> </FormattedContent>

2007-01-11T10:28:00+00:00

econsultancy_xml

Online auction giant eBay has acquired StubHub, an internet tickets marketplace, which deals in tickets for sports and entertainment events. The deal is worth $310 million. Launched in 2000 and based in San Francisco, <a href="http://www.stubhub.com/">StubHub's</a> site managed $400m (£206m) in ticket sales site last year, earning a profit of around $10m (£5m). The secondary ticket market in the US is estimated to have a turnover of $10bn per year.

<FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Online auction giant eBay has acquired StubHub, an internet tickets marketplace, which deals in tickets for sports and entertainment events. The deal is worth $310 million.</Emphasis> </Paragraph> <Paragraph>Launched in 2000 and based in San Francisco, <Link URL="http://www.stubhub.com/" Window="New">StubHub's</Link> site managed $400m (£206m) in ticket sales site last year, earning a profit of around $10m (£5m). The secondary ticket market in the US is estimated to have a turnover of $10bn per year. </Paragraph> </FormattedContent>

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Related Econsultancy reports include our <a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a>, <a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a> and <a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a>. See also the <a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a>.

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StubHub sold to eBay for $310 million false

2007-01-11T13:10:00+00:00

stubhub-sold-to-ebay-for-310-million

2009-04-30T04:19:42+01:00

2009-10-13T08:49:15+01:00

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