Another scalp for eBay’s collection

by Sue Bailey

This post was written in January 2007; specific information contained within it may be out of date.

Could this be the answer to eBay’s ticket selling problems? An announcement is expected any minute that they have purchased online ticket exchange Stubhub.

Stubhub facilitates buying and selling of tickets, with transactions backed by its own guarantee. Crucially, the company’s partners include major sports teams, as well as media companies including AOL. They promote themselves as being about fans selling to other fans, but also run a large seller program, “designed for Professional Ticket Resellers and users that carry a significant amount of ticket inventory that span across multiple events and genres”.

There clearly is a resale market for tickets, whether venues and fans like it or not, so it makes sense for eBay to try to work with event organisers, ticket resellers and fans to everyone’s mutual benefit. This US-based acquisition could be the beginning of something very interesting.

Story shamelessly stolen from Fruity.

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Author: Sue Bailey
Posted at: Wednesday, January 10th, 2007 at 8:00 pm
Filed Under Uncategorized
 

Comments

3 Responses to “Another scalp for eBay’s collection”

  1. Mountie on January 11th, 2007 12:20 am

    Bit late in the day, but Bill Cobb just confirmed on the eBay.com announcement board

  2. Randy Smythe on January 12th, 2007 5:16 am

    I think this will be a good deal for eBay. Be prepared to see more of this type of smaller deal rather than more Skype sized deals.

    The buzzword at eBay right now is TSE (Tailored Shopping Experience) I look forward to seeing more of these sites.

  3. eBay expect average selling prices to drop : TameBay on October 18th, 2007 3:21 pm

    [...] Last night eBay held their quarterly conference call where they give investors a forecast of future business and the opportunity to ask questions on the state of the eBay business. It was no surprise that profits took a hit from writing off $900m from Skype a few weeks back. To balance that the StubHub business eBay acquired at the begining of the year is booming. [...]

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