TITLE

Ticketmaster Buys No. 2 Reseller, Takes on Stubhub

AUTHOR(S)
Schachter, Ken
PUB. DATE
January 2008
SOURCE
Red Herring;1/15/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the acquisition of ticket reseller TicketsNow by box office giant Ticketmaster in a bid to position the company against rival eBay's Stubhub. The acquisition deal is valued at more than $265 million. According to Ticketmaster, there is a plan to establish an integrated web site that will enable customers to see ticket availability and pricing together in the primary and resale markets. Buyout talks between the two companies started in November 2007, according to Christopher Girgenti of New World Ventrues.
ACCESSION #
36961817

 

Related Articles

  • HOT SEATS. Waddell, Ray // Billboard;1/26/2008, Vol. 120 Issue 4, p12 

    The article examines what Ticketmaster's acquisition of TicketsNow means for the music industry. The article explains that once the deal is finalized at the end of first-quarter 2008, Ticketmaster will endeavor to integrate TicketsNow into its own ticketing programs, including its secondary...

  • Ticketmaster The Promoter? Waddell, Ray // Billboard;3/1/2008, Vol. 120 Issue 9, p17 

    The article discusses how Ticketmaster is planning to purchase the secondary market firm TicketsNow for $265 million and European ticket resealler Get Me In. Ticketmaster's move comes as its top client, Live Nation, is planning to break away from the company when their contract ends in 2008....

  • CHAPTER 13: TICKETING.  // Sports Marketing;2008, p47 

    Chapter 13 of the book "Sports Marketing 2008" from Richard K. Miller & Associates is presented. It focuses on ticketing in sporting events and offers information on key players and secondary ticketing by major league clubs. It states that the largest providers of secondary tickets include...

  • Paciolan Sale to Ticketmaster May Be Worth $60M, Plus. Tolkoff, Sarah // Orange County Business Journal;7/16/2007, Vol. 30 Issue 29, p16 

    The article reports on the plan of West Hollywood, California-based Ticketmaster Corp. to acquire Paciolan, a software provider for sports teams and museums, for at least $60 million. The acquisition has triggered a review by federal regulators to see whether it violates any antitrust issues....

  • Supplier's news.  // Medical Device Technology;Mar/Apr2005, Vol. 16 Issue 3, p55 

    Reports on developments regarding companies and suppliers of industrial equipment in the U.S. Decision of Quality First International to launch a German version of its website; Business plans of ExxonMobil Chemical to add a new production line for a recyclable elastomer; Acquisition of Bayside...

  • Discussion: Firm Mergers and General Welfare. Bender, Filmore E. // American Journal of Agricultural Economics;Dec68, Vol. 50 Issue 5, p1499 

    Comments on an article about consolidation and merger of corporations. Criticisms on the use of competitive equilibrium in business planning; How mergers are detrimental to general warfare; Worth of society if a merger results in stability of prices and employment.

  • Live Nation-Ticketmaster Deal Challenged by Brits. Marino, Jonathan // Mergers & Acquisitions Report;10/12/2009, Vol. 22 Issue 41, p16 

    This article reports on the decision of the British Competition Commission to challenge the merger of Live Nation and Ticketmaster in 2009. The commission claimed that the merger would inhibit the emergence of any new competitor. The commission added that the merged unit could even be forced to...

  • Live Nation challenges Competition Commission. Masson, Gordon // Music Week;12/19/2009, Issue 49, p8 

    The article reports on the claims of Live Nation Inc. that there are fundamental legal flaws in the decision of the Competition Commission concerning its unification with Ticketmaster Corp. in Great Britain. It states that the commission ruled that the merger between Live Nation and Ticketmaster...

  • U.K. Challenges Live Nation/Ticketmaster Merger. Marino, Jonathan // High Yield Report;10/12/2009, Vol. 20 Issue 41, p16 

    The article relates the opposition of British regulators against the merger of Live Nation and Ticketmaster in 2009. Regulatory concerns were also raised by a Citi analyst. The Competition Commission of Great Britain argued that the merger would block the emergence of any competitor and possibly...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics