GO
Loading...

Enter multiple symbols separated by commas

eBay Wins U.S. Antitrust Approval for StubHub Acquisition

U.S. antitrust authorities said today they approved plans by online auctioneer eBay to buy sports ticket reseller StubHub for about $310 million in cash.

Officials have completed their investigation of the deal without taking any action, the Federal Trade Commission said in a notice.

StubHub, which was founded in 2000, offers a secure way to connect buyers and sellers of tickets, with a money-back guarantee to insure that buyers are not cheated out of tickets. StubHub had more than $400 million in gross ticket sales last year.

EBay has competed with StubHub. Other major rivals include IAC/InterActiveCorp's Ticketmaster, Craigslist, and stadium scalpers.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Cramer: Here's a sign the market could rally

    Wall Street's been soaking in red, but "Mad Money" host Jim Cramer has one signal to watch for that could point to another run.

  • Burger war maneuvers

    Cramer looks at the number of company's selling burgers and tries to determine the quality names, as well as those to avoid.

  • Cramer: What's driving defense?

    Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.