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January 15, 2007

eBay Buys Stubhub.com

eBay does a big business with ticket sales. In fact, their two biggest competitors seem to be Stuphub.com and TicketExchange.com, operated by Ticket Master. So it's no surprise that eBay has eagerly snapped up Stubhub, a ticket site that does a brisk business in the follow categories:

* MLB
* NCAA:
* NBA
* NHL
* Concerts
* Theater

eBay paid $310 million for StubHub, a San Francisco-based online marketplace launched in 2000. StubHub saw 2.1 million unique visitors and generated 22.3 million page views in August, according to Nielsen//NetRatings. EBay's ticket section saw 309,000 unique visitors and 875,000 pageviews so the deal definitely makes sense for eBay. And Ticketmaster is none too happy, we might add.

Posted by SydneyJohnston at January 15, 2007 2:16 PM

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