StubHub owner eBay has acquired international ticket marketplace Ticketbis.
The deal will see Ticketbis, which is active in 47 countries, become part of StubHub, growing its presence across Latin America and Europe and expanding into Asia Pacific. StubHub says the acquisition will see it become the global ticket marketplace leader in terms of volume of transactions and international reach.
"The acquisition of Ticketbis will allow us to connect millions more people with inspiring events,” said StubHub president Scott Cutler (pictured). “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 Ticketbis acquisition marks StubHub’s latest geographic expansion, preceded by the launches in Mexico in May 2016, Germany in September 2015 and the UK in March 2012. Terms of the deal are not being disclosed.
“The acquisition of Ticketbis will enable us to significantly scale StubHub's international footprint," added 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 US. 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,” added Ticketbis co-founder Ander Michelena. “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.”
