May 30, 2016 Comments Off on eBay acquires Ticketbis
After completing the acquisition of AI startup ExpertMaker earlier this month, eBay continues its acquisition spree by buying Ticketbis, a Spanish online ticketing platform operating in 47 countries. eBay’s own ticketing company StubHub, will takeover Ticketbis with a new platform that will directly compete with rival Ticketmaster. StubHub will be able to expand its presence across Latin America, Europe, and Asia. With this acquisition, it will become the biggest global ticket marketplace based on volume of transactions and international reach. The deal terms were not officially disclosed but TechCrunch reports the amount to be $165 million.
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