SAN FRANCISCO (AP) - Internet auctioneer eBay Inc. is on the verge of buying the rapidly growing online ticket reseller StubHub Inc. for about $300 million in cash, according to a person close to the deal.
The acquisition could be announced later Wednesday or Thursday, said the person, who asked not to be identified because the papers sealing the deal had not yet been signed.
EBay spokesman Hani Durzy declined to comment. A call to Jeff Fluhr, StubHub's co-founder and chief executive, wasn't immediately returned.
If the sale is completed, eBay would gain control of one of the nation's fastest-growing companies.
San Francisco-based StubHub runs an online market for buying and selling tickets to major events - an alternative outlet that has been thriving even as its existence incensed some of the sports teams whose tickets are being resold above their face value.
They can buy www.tixx.com the internets orignal ticket broker for alot less money tixx has the tickets stubhub has no inventory ebay has bought a mall for ticket brokers what if they all leave the mall ?
Wednesday, January 10, 2007
eBay Inc.to buy online ticket reseller StubHub Inc. for about $300 mi
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