StubHub to Expand Its Global Reach Into 47 Markets With the Acquisition of Ticketbis
May 24 2016 - 4:30AM
Business Wire
Serving Fans Across Four Continents, Ticketbis
Will Provide Greater Access and Choice in Ticketing for StubHub
Customers
eBay Inc. (NASDAQ:EBAY) today announced an agreement to acquire
Ticketbis, an international ticket marketplace with a presence in
47 countries. Ticketbis will become part of eBay Inc.’s StubHub
business, the largest ticket marketplace in the U.S. With this
acquisition, StubHub will grow its presence across Latin America
and Europe and expand into Asia Pacific, becoming the global ticket
marketplace leader, as measured by volume of transactions and
international reach.
Today’s news builds on StubHub’s history of innovation and
strong tradition of “firsts,” which include forging the first
ticket guarantee that covered both buyers and sellers in 2006;
launching the industry’s first ticketing app on iOS devices in
2010; being the first ticketing company with stadium naming rights
in 2013; and now, becoming an international ticketing leader by
adding the Ticketbis business to its offerings.
"In a world where the richest moments in life are becoming less
about the things people have and more about the experiences they
have to share, the acquisition of Ticketbis will allow us to
connect millions more people with inspiring events,” said Scott
Cutler, President of StubHub. “The only boundary to an incredible
experience is access, and this acquisition will enable StubHub to
offer more events on a global basis to fans and event-goers around
the world, and to help them discover new ways to enrich their
lives."
“The acquisition of Ticketbis will enable us to significantly
scale StubHub's international footprint," said Devin Wenig,
President and CEO of eBay Inc. "eBay's global presence will help
StubHub acquire new customers as it expands into markets outside of
the U.S. This deal reaffirms our commitment to investing in StubHub
and helping fuel its momentum."
“StubHub’s extensive assets will add tremendous value for
ticketing patrons and sellers worldwide, especially as we continue
our expansion into nascent markets,” said Ander Michelena,
co-founder of Ticketbis. “Together, the StubHub and Ticketbis
marketplaces represent tremendous value and opportunity for fans
around the world to experience the events they love, whenever and
wherever they are. We are thrilled to be a part of the eBay family,
and we look forward to continuing our innovation in ticketing as
part of the StubHub brand.”
The acquisition of Ticketbis is StubHub’s latest geographic
expansion, preceded by the launches in Mexico in May 2016, Germany
in September 2015 and the UK in March 2012.
The transaction, subject to customary closing conditions, is
expected to close in mid-2016. Terms of the deal are not being
disclosed. The acquisition of Ticketbis is not expected to impact
the second quarter 2016 or full year 2016 guidance that eBay
provided most recently in its first quarter 2016 earnings
announcement.
About StubHub
At StubHub, our mission is simple: help fans find fun. We
connect fans with their favorite teams, shows and artists and
introduce them to the ones they'll love next. As the largest ticket
marketplace in the U.S., we enable fans to buy and sell tens of
thousands of tickets, whenever they want, through our desktop and
mobile experiences, including our StubHub and StubHub Music apps
for iPhone, iPad, Apple Watch and Android. Offering a superior fan
experience at its core, StubHub reinvented the ticket resale market
in 2000 and continues to lead it through innovation. Our industry
firsts include the introduction of the first ticketing application,
the first interactive seat mapping tool and being the first
ticketing company with stadium naming rights in 2013. Our business
partners include more than 60 teams in MLB, NBA, NHL, MLS and NCAA,
plus ESPN, NBC Digital, AEG and Spectra Ticketing & Fan
Engagement. Throughout North America, the United Kingdom and
Germany, StubHub provides the total end-to-end event going
experience. StubHub is an eBay company (NASDAQ: EBAY). For more
information on StubHub, visit StubHub.com or follow @StubHub on
Twitter, Facebook and Instagram or YouTube.com/StubHub.
About Ticketbis
Ticketbis is an online platform for the sale and purchase of
tickets to events worldwide. The online secondary ticketing market
has been around in the U.S. for over a decade, however, in many
countries, this type of business model is relatively new and
unknown. Ticketbis is one of the first to successfully export the
American-born business model to the regions of Southern Europe,
Latin America and Asia. Ticketbis makes it easy for users to attend
events all over the world.
Ticketbis, founded in 2009, is based in Bilbao and Madrid, Spain
and became a market leader in Spain in its first year. The company
now has a presence in more than 40 countries and is a market leader
in southern Europe and Latin America.
About eBay
eBay Inc. (NASDAQ:EBAY) is a global commerce leader including
the Marketplace, StubHub and Classifieds platforms. Collectively,
we connect millions of buyers and sellers around the world,
empowering people and creating opportunity through Connected
Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the
world’s largest and most vibrant marketplaces for discovering great
value and unique selection. In 2015, eBay enabled $82 billion of
gross merchandise volume. For more information about the company
and its global portfolio of online brands, visit
www.ebayinc.com.
Forward-Looking Statements
This press release contains forward-looking statements relating
to, among other things, the future performance of eBay Inc. and its
consolidated subsidiaries. These statements are based on eBay’s
current expectations, forecasts and assumptions and involve risks
and uncertainties. Actual results could differ materially from
those predicted or implied in this press release for a variety of
reasons. You can find more information about risks, uncertainties
and other factors that could affect our operating results in our
most recent Annual Report on Form 10-K and subsequent
quarterly reports on Form 10-Q, copies of which may be
obtained by visiting eBay’s Investor Relations website at
https://investors.ebayinc.com or the SEC's website at www.sec.gov.
You should not rely on any forward-looking statements. All
information in this press release is as of May 24, 2016, and we do
not intend and undertake no duty to update this information.
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version on businesswire.com: http://www.businesswire.com/news/home/20160524005724/en/
StubHub CommunicationsGlenn Lehrman,
+1-917-533-5998glehrman@stubhub.com
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