eBay Completes Sale of StubHub
SAN JOSE, Calif., Feb. 13, 2020-- eBay Inc, a global eCommerce platform that connects millions of buyers and sellers around the world has completed the sale of StubHub to viagogo for $4.05 billion in cash.
"The completed sale of StubHub to viagogo is a great outcome both in terms of the $4.05 billion sale price and the potential StubHub has with its new owner," said Scott Schenkel, interim CEO of eBay Inc. "The StubHub transaction reinforces our commitment to creating shareholder value and is consistent with other steps we have taken such as margin improvement, share buybacks and issuing dividends. We are operating with discipline and focus, improving financial performance and delivering improved customer experiences. On behalf of the eBay team, we're excited to see how StubHub evolves...