Quick Answer: Who Bought StubHub From EBay?

Does viagogo own StubHub?

(NASDAQ: EBAY) and viagogo today announced they have entered into a definitive agreement for eBay to sell StubHub to viagogo for a purchase price of $4.05 billion in cash..

27 November 2018: The CMA has secured a court order against viagogo. The ticket resale site must overhaul the way it does business by mid-January 2019 in order to comply. This results from legal proceedings launched by the CMA in August over concerns that viagogo was breaking consumer protection law.

Is Viagogo a trusted site?

Thankfully, Viagogo has a thriving marketplace that allows for some relatively competitive prices on their tickets. Steep fees – Viagogo have exceptionally high booking fees – even for ticket vendors! … Overall, this is a dirty tactic to employ, and does not create a well-priced or trustworthy service.

How does StubHub make money?

StubHub charges buyers and sellers a fee for every ticket sold. … While there are no fees for listings tickets on the site, StubHub charges buyers a 10 percent fee on what they pay for the ticket, which has a minimum of $5, while also taking a roughly 15 percent commission on the price from sellers.

Are PayPal and Ebay owned by the same company?

PayPal and ebay are actually two separate entities. ebay does own PayPal, and are connected but operate separately. PayPal has its own fee structure & ebay has a different one. ebay takes 10% of the entire sale (total of item price + shipping).

Who is StubHub owned by?

ViagogoOn February 13, 2020, just before the COVID-19 pandemic halted ticket sales, Viagogo, led by Stubhub founder Eric Baker, acquired the company for $4.05 billion….StubHub.TypeSubsidiaryParentViagogoWebsitestubhub.com7 more rows

Who did eBay sell StubHub?

viagogo13, 2020 /PRNewswire/ — eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed the sale of StubHub to viagogo for $4.05 billion in cash.

When did eBay sell StubHub?

2007Eric Baker, Viagogo’s founder and CEO, also co-founded StubHub, but left before the business was sold to eBay for $310 million in 2007.

Can you get scammed on StubHub?

If you can get scammed on stubhub, I would say it is more likely that it is the seller getting scammed. … If you buy tickets through StubHub and are refused entry at the venue (because the tickets are fake, invalid, etc.), then StubHub will refund your money. Moreover, StubHub will ban sellers who offer fake tickets.

Does eBay still own StubHub?

The next year, eBay acquired StubHub for $310 million.

Is Ticketmaster same as StubHub?

Since eBay acquired it in 2007, StubHub has given Ticketmaster a run for its money in live event ticket sales. StubHub began as a digital ticket scalping agency that sold secondary tickets instead of primary event tickets like Ticketmaster.

Who owns Ebay?

Pierre OmidyarPierre Omidyar founded online auction firm eBay in 1995 and now serves on the company’s board. In 2002 eBay bought online payment company PayPal and spun it off in 2014. Omidyar currently owns 5% of eBay and 6% of Paypal.

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