EBay Set to Buy Inc. 500 Company for $310 Million
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StubHub, an online ticket reseller that ranked No. 8 on the 2006 Inc. 500 list, will be acquired by eBay (NASDAQ:EBAY) for $310 million, the companies announced Thursday after months of speculation surrounding the deal.
San Francisco-based StubHub, which was founded in 2000, grossed more than $400 million last year, and is considered a leading player in the online resale market for sports, concert, and other event tickets.
The company provides a secure way to connect buyers and sellers of tickets, and offers a money-back guarantee if buyers don’t receive their tickets. EBay, the online auction giant, is considered StubHub‘s biggest competitor.
inc.com
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