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Business News Deals Digital Live Business
eBay announces worldwide StubHub expansion through Ticketbis purchase
By Andy Malt | Published on Wednesday 25 May 2016
eBay has announced a significant expansion of its StubHub secondary ticketing company through the acquisition of rival Ticketbis. The purchase will give StubHub a far greater international reach, Ticketbis being available in 47 countries, compared to StubHub’s current four.
“In a world where the richest moments in life are becoming less about the things people have and more about the experiences they have to share, the acquisition of Ticketbis will allow us to connect millions more people with inspiring events”, says StubHub president Scott Cutler. “The only boundary to an incredible experience is access, and this acquisition will enable StubHub to offer more events on a global basis to fans and event-goers around the world, and to help them discover new ways to enrich their lives”.
I know you have to self-aggrandise a bit in any press statement, but bloody hell Scott. Let’s see what Ticketbis co-founder Ander Michelena has to say.
“StubHub’s extensive assets will add tremendous value for ticketing patrons and sellers worldwide, especially as we continue our expansion into nascent markets”, nods Michelena. “Together, the StubHub and Ticketbis marketplaces represent tremendous value and opportunity for fans around the world to experience the events they love, whenever and wherever they are. We are THRILLED to be a part of the eBay family, and we look forward to continuing our innovation in ticketing as part of the StubHub brand”.
A bit better, thanks. And what a tremendously rich moment this really is. Though news of the Ticketbis deal comes as the UK government prepares to publish its latest report on the ever controversial secondary ticketing market. It also follows that new Which? research which criticised a number of secondary ticketing websites, including StubHub, for not adhering to newish UK laws on the reselling of tickets.
