The sale is expected to close by the end of the Q1 of 2020
eBay entered into an agreement with Viagogo to sell a ticketing service StubHub for $4.05 billion in cash. Viagogo will reportedly provide additional flexibility and resources to StubHub, developing its further drive scale, global reach, and innovation.
Viagogo, along with StubHub, says it brings transparency, choice, and competitive ticket prices to the customers. Due to their collaboration, both of them are expected to sell hundreds of thousands of tickets per day across more than 70 countries.
Fans will get access to a wider selection of inventory worldwide, whereas sellers and artists will have the ability to reach a broader global audience more efficiently.