eBAY Acquires StubHub!

Discussion in 'Wall St. News' started by WallstYouth, Jan 11, 2007.

  1. eBay is Buying StubHub For $310 million

    StubHub is rumored to be doing $10 million or so in profit on $400 million in gross annual sales, implying just over a 30x multiple to EBITDA. That’s quite a valuation

    StubHub is the fan's ticket marketplace, enabling customers to buy and sell tickets at fair market value to a vast selection of sporting, concert, theater and other live entertainment events, even those that are "sold out".

    StubHub reinvented the ticket resale market in 2000 and continues to lead through innovation. The company's unique open marketplace, dedicated solely to tickets, provides all fans the choice to buy or sell their tickets in a safe, convenient, and highly reliable environment.

    src: TechCrunch
  2. Aint it amazing how much money there is in doing ostensibly illegal, immoral things, right on the internet , out in the open?

    Ticket scalping
    Copyright infringement
    Gambling (heat is on only lately)
  3. http://www.youtube.com/watch?v=LLZMiUjYgYY