techcrunch.com — It looks like the rumors forced eBay?s hand and they are announcing the deal earlier than expected - they are acquiring StubHub for $285 million plus the cash on StubHub?s books, which is about $25 million. The deal has been signed and should close in 30 days or so. eBay will be releasing a press release shortly.
Jan 11, 2007 View in Crawl 4
suppermanJan 11, 2007
I hate people who buy tickets just so that they can sell it for a profit. Teams keep the ticket prices low to allow fans to enjoy the games, but these people would snap them all up, such that only rich people can enjoy live sports/concerts. So even if you can afford the scalped tickets, the money will just go on to line the pockets of these despicable people and not to the teams that we support. What I don't understand is that even though such practices are outlawed in many places in the US, I see scalpers all the time, even in the presence of cops in the area.
Closed AccountJan 11, 2007
Ah crap, that sucks. I actually use StubHub. Now they are going to nickel and dime me to death.
fuelitistsJan 11, 2007
now stubhub will blow and be full of scammers. f**king ebay needs to be shut down.
memorydumpJan 11, 2007
amazing.. I never even heard of StubHub.. and now (thxs to digg) I find it it's sold for 310million dollars..
rasterbatorJan 11, 2007
THIS IS HUGE! Steve Young is a multi-millionaire... again!!
jaisonlineJan 12, 2007
i sell on both stubhub and ebay. on stub, i have a largeseller account on stub and am a silver power seller on ebay. the avg price for tickets shouldn't be impacted for the general public. if anyone should be concerned, it's the legit broker and i'm happy about that. tix on stubhub and ebay pretty much sell for less than broker-based stores and web sites.if anything, ebay buyers AND SELLERS should be happy because now more tix sold on the web will have 100% fan protection.
jaisonlineJan 12, 2007
bull,stub does charge an excessive total fee of 25%. their 15% seller fee kills me. however, stub needs that fee because of their costly but excellent customer service and 100% fan protection policy. on avg, ebay and paypal fees total 8% to 12%. w/ ebay's latest fee increases, it will prob be around 15%.i have no prob w/ redirection ad links to stubhub. maybe i'm bias because i'm a seller. at least it's a legit business people are being redirected to. additionally, i haven't seen email spammers for stubhub. however, i do know that they use legit public ad companies like double-click.