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StubHub Parent Company eBay Buys International Ticket Outfit Ticketbis

StubHub parent company eBay on Tuesday announced the acquisition of int'l online ticket marketplace Ticketbis. Based in Spain and in operation since ’09, Ticketbis will be folded into the StubHub business, and expand the company’s reach into 47 countries. Financial terms were not disclosed, but Ticketbis generated $93M in revenue last year, up from $55M in '14, and began sales in the U.S. last year. The acquisition, not expected to impact financial guidance eBay gave in its most recent quarterly earnings announcement, is expected to close later this year. The Ticketbis deal also continues a recent run of activity for StubHub, including two deals with the NBA 76ers to begin primary ticket sales for the team and place its logo on the NBA’s first corporate uniform patch.

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