Feeds

eBay scalps StubHub

Ticketed attractions

Beginner's guide to SSL certificates

eBay is buying StubHub, the San Francisco sports, music and theater tickets reseller for $310m. It gets a rebate though - StubHub brings with it a dowry of $25m in net cash.

StubHub has created an online after-market for events tickets, which turns over around $400m a year in ticket sales, from which it clips $10m in profits, according to reports. It describes itself as the "fan's ticket marketplace", where buyers and sellers trade tickets at "fair market value...even to those (events) that are 'sold out.'"

Looking at the site, it is clear that a lot of the activity on the selling side is generated by professional ticketing organisations. In some countries this would be called scalping or touting and would be considered illegal. But obviously not in America.

According to Reuters, eBay tried to buy StubHub once before, in 2002, but the two fell out over the purchase price, said to be $20m.

Oh well. eBay is buying a much bigger company this time around and it has a new platform for PayPal to play with. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.