eBay acquires controversial StubHub, an online ticket reselling market

Posted January 17, 2007 at 03:19 PM by Doug Berger

Section: Web, Web 2.0, Websites

StubHub, an online ticket reselling market not too different from eBay, has made it through its legal troubles with sports teams (for the time being).  Several sports teams encourage their fans to use the service, but others, like the New England Patriots, aren’t so fond of it due to its scalping-like nature.

eBay has just announced plans to acquire StubHub for $310 million.  For years, the service has been skimming people away from eBay, and bringing them into an all-tickets, all-the-time atmosphere - which is exactly what sports-fans were looking for.  Now, eBay has done what most major companies would do (or at least try to do), and bought up their competition.

StubHub was founded back in 2000 by Fluhr and Baker (pictured above) and made $100 million in revenue just last year.  Sounds like a wise investment on the part of eBay.

Read [Mercury News] Via [VentureBeat]