About 7 months ago I predicted that eBay would eventually buy StubHub, the wonderful ticket marketplace. Well – looks like the day has come and eBay has acquired StubHub for $310M. From TechCrunch:
“…they are announcing the deal earlier than expected – they are acquiring San Francisco-based StubHub for $285 million plus the cash on StubHub’s books, which is about $25 million. The deal has been signed and should close in 30 days or so. eBay will be releasing a press release shortly.”
This one really had the writing on the wall… it just made too much sense, after eBay lost this important marketplace to StubHub. And as I said in my original post – in the marketplace business there is rarely place for more than 1 player and eBay cannot afford not to be the one…
More coverage on GigaOm.