This transaction results in net proceeds of $3.1 billion
eBay announced it has completed the sale of StubHub to viagogo for $4.05 billion in cash.
After the divestiture of StubHub completed, eBay will update its capital allocation plans along with the first quarter and full-year guidance figures. eBay aims to expand its share buyback plans for 2020 from $1.5 billion to $4.5 billion.
Adjusting for the loss of eBay, the company now expects Q1 revenue between $2.31 billion and $2.36 billion. For the whole year, the company is believed to gain income between $9.56 billion and $9.76 billion.