Viagogo's takeover of StubHub faces competition probe

Viagogo's takeover of StubHub faces competition probe
By: WNG BBC Posted On: December 13, 2019 View: 49

Viagogo's takeover of StubHub faces competition probe

Viagogo's $4bn (£3.1bn) deal to buy rival ticket reseller StubHub is to be investigated by the UK's competition watchdog.

The Competition and Markets Authority (CMA) will look at whether the deal will lead to "a substantial lessening of competition" in ticket selling.

It is inviting "interested parties" to comment on the proposed deal.

Viagogo said in November it was buying StubHub from eBay, which bought the company for $310m in 2007.

It means Viagogo's boss Eric Baker will be reunited with StubHub, which he co-founded but left before the eBay sale.

Viagogo has come to the attention of the CMA before.

The watchdog dropped legal action against Viagogo in September after it made changes to the way it operates.

The website was now "worlds apart" from the one that prompted the legal action, the CMA's chief executive, Andrea Coscelli, said at the time.

The CMA had asked operators such as Viagogo to improve the information they provided about tickets, such as the risk a buyer would be turned away at the door, which ticket they were getting, and the availability and popularity of tickets.

Read this on WNG BBC
  Contact Us
  World News Guru
Mail : [email protected]
  Follow Us
Site Map
Get Site Map
  About

World News Guru is completely free and offers a broad range of media content from a varied and extensive range of sources. A global leader in online news, World News Guru presents news from over 2,000 reputable sources including mainstream providers BBC, CNN, CNBC, Sky Network, The New York Times etc to more regional and localized sources. We deliver unparalleled coverage on a vast range of subjects. This provides users with a variety of perspectives and different interpretations on breaking news events.