As far we have seen, the paperwork has not officially been signed, but eBay officials have told the press they agreed to acquire Stubhub for $310 million. We have not seen Stubhub officials quoted anywhere as confirming this information, but we did see one article in which Jeff Fluhr, CEO of Stubhub, said something along the lines of 'we think Stubhub is a good fit for eBay.'
It is unclear at this point what this will mean for us. Whatever happens, it will be most interesting to see where on the spectrum from non-integration to full integration the two sites fall. It doesn't seem to make sense that eBay would replace one platform with the other, but one never knows. At a minimum we would probably see some cross marketing which would make both sites more visible to each others customer lists.
Though a conglomeration this big may make some day sellers nervous, we like the idea of having a strong, unified company on our side to battle Ticketmaster in their quest to monopolize secondary market resale. For those of you that have been following it closely, Ticketmaster is making bed-fellows with law-makers in various states to write laws that would prevent any from re-selling tickets to an event UNLESS the reseller was under contract with the original venue.
We will keep an eye on this situation. Feel free to add you comments below if you have any.
5 comments:
Wow....Ticketmaster must be cringing. Fight the monopoly is all I can say. Ebay is for people, ticketmaster is for itself!
Just what we need, another ebay company!
Maybe they will lower the fees on Stubhub-dont hold your breath.But TicketLiquidator is only charging 10% to StubHub 15%, which should help us who sell at more than one location
As a former employee of ebay and present reseller, this makes me cringe. Ebay succeeds in spite of itself, largely because it is the only major auction site out there. Management can be notoriously inept and if they bring any of this to StubHub, the end loser is the reseller. What we should hope for is a move by Google into the online auction market to provide some decent competition from a company that appears to make all the right moves and knows how to treat the little guys fairly.
sorry but ticketmaster will rule as it has in the past - they even do auctions now by hording tickets away. all tremble at the dominance of ticketmaster. i hate ticketmaster.
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