viagogo/StubHub: Response to Notice of Possible Remedies (14.12.20) Provisional findings. 22 October 2020: The CMA has provisionally found competition concerns as part of its in-depth. Viagogo must sell StubHub's non-US business. Ticketing site Viagogo will have to sell all of StubHub's business outside North America to satisfy competition concerns. Viagogo bought rival StubHub. A few weeks thereafter, in mid-December, the CMA officially launched its aforementioned investigation, beginning by requesting public input about whether the Viagogo-StubHub deal would cause a. viagogo Completes Acquisition Of StubHub. GENEVA, Feb. 13, 2020 /PRNewswire/ -- viagogo, the globally active ticket marketplace for accessing live sports, music and entertainment events, today. The purchase of StubHub by its biggest competitor, the controversial ticket resale website Viagogo, has been announced as a win-win deal, but music industry leaders and consumer groups think.
. Viagogo CEO Eric Baker co-founded StubHub while in business school. He left before the ticket-selling company was sold to eBay for $310 million in 2007 because of. Secondary ticketing firm Viagogo has announced a $4bn (£3.1bn) deal to buy its rival StubHub, in a move it said would create more choice for customers. Viagogo is buying its rival from eBay. For more information, visit the viagogo/StubHub merger inquiry case page. Notes to editors. Secondary Ticketing Platforms facilitate the resale of tickets to live sports, music and theatrical. Some of the U.K.â€™s biggest secondary ticketing sites, including Viagogo, StubHub and Seatwave, are routinely breaking the law regarding the resale of music and entertainment tickets.
Quick Summary: All four of the listed services are trustworthy and reliable. In our experience though, Seatwave and Stubhub tend to have the lowest prices, the lowest fees, and the best selection of tickets. If you truly want to hunt down the best deal, you can also compare the prices with TicketNetwork and TicketLiquidator, two other reputable [ The 18-page breach of contract complaint alleges Viagogo, StubHub's parent company, has quietly sought to force consumers to shoulder the burden of financial losses the defendant itself created with its longstanding money-back guarantee, particularly in the face of the entirely foreseeable scenario that world occurrences would cause the. StubHub and Viagogo merger blocked by UK regulators. The competition watchdog said consumers could see a rise in fees collected by the enlarged entity if the merger went ahead The CMA is now forcing viagogo to sell StubHub's business outside North America, which means that the StubHub international business, including in the UK, will need to be independently owned and run by a separate company, with no input from viagogo. The UK's competition authority also states that it will need to approve the buyer of the. Viagogo-StubHub in Peril as U.K. Watchdog Targets Tech M&A By . Stephanie Bodoni. October 22, 2020, 6:25 AM EDT Updated on October 22, 2020, 10:47 AM EDT CMA says clients may pay higher fees after.
viagogo/StubHub [Archived] CASE HUB. Archived—this archived case hub reflects the position at the date of the decision of 2 February 2021; it is no longer maintained.. See further, timeline. Case fact Viagogo and StubHub merger 'may lead to more expensive concert tickets', regulator warns. Viagogo and StubHub are the UK's two largest secondary ticketing firms and hold more than 80% of the. What happened in the Viagogo - Stubhub deal? This merger (the Merger) was first announced in December 2019 and was actually completed on 13 February 2020, prior to the CMA carrying out its.
The two ticketing resale sites are the first and second largest players in the UK market. Ticketing resale website Viagogo has been ordered to sell the non-US parts of StubHub after competition. EBay () - Get Report, the retail and auction site, agreed to sell ticketing provider StubHub to Viagogo for $4.05 billion cash, the companies said Monday. Viagogo, Geneva, is the world's largest.
Viagogo, Stubhub and Mywayticket have been fined for violating art. 1, paragraph 545, of the law 11 December 2016, n. 232. To counter tax avoidance and evasion, as well as to protect consumers, the rule contained in the 2017 Budget Law punishes those who sell tickets for shows and concerts at a price higher than the nominal price UK watchdog offers Viagogo, Stubhub time to address competition concerns UK's competition watchdog said on Thursday it is offering ticket reseller Viagogo and Stubhub a week's time to submit proposals addressing the regulator's concerns over Viagogo's $4.05 billion deal for the ticketing unit of U.S. e-commerce firm eBay Inc 5. Print this page. Ticketing sites Viagogo and StubHub have been told to amend the terms of their $4bn deal or face harsher regulatory scrutiny, after the UK's competition watchdog said it was. The CMA said an initial probe, launched in April, found that Viagogo and StubHub were close competitors in an already very concentrated market with limited alternatives after looking into.
Friday, 27 May 2022 19:30. Odyssey (SSE Belfast), Belfast, United Kingdom. British Open 2021 - Weekend Pass. 17 - 18 July 2021. Royal St George's Golf Club, Kent, United Kingdom. Winner Match 48 vs Winner Match 47 - Semi Finals - UEFA Euro 2021. Wednesday, 07 July 2021 21:00 CMA takes Viagogo/StubHub to Phase II. Ciaran Willis. 26 June 2020. Print article. Credit: Shutterstock/Monkey Business Images. The UK's Competition and Markets Authority has launched an in-depth review into a merger between the country's two biggest ticketing resale companies
CMA agrees to Viagogo/StubHub break up. The UK's Competition and Markets Authority has ordered Viagogo to sell all of StubHub's ticketing business outside North America, nearly three months after the enforcer indicated it may have to block the deal Hundreds of fans who have travelled or booked journeys to Madrid expecting to attend the Champions League final, after buying a ticket on re-sale websites, have discovered that their tickets do no , and StubHub offices on Tottenham Court Road in the capital Viagogo Entertainment Inc. provides internet based services. The Company operates as an online platform for live sport, music, and entertainment tickets Viagogo acquires StubHub for $4.1bn. Viagogo CEO Eric Baker is back in control of the company he co-founded in 2000, with eBay recouping nearly 13 times its initial investment in StubHub. In a landmark deal that brings together the world's two largest secondary ticket sellers, Viagogo has announced its acquisition of StubHub for US$4.05.
Cris Miller, managing director at viagogo, commented: The requirement to hold separate the two businesses of viagogo and StubHub is an expected part of the merger process and we fully acknowledge. UK's competition watchdog said on Thursday it is offering ticket reseller Viagogo and Stubhub a week's time to submit proposals addressing the regulator's concerns over Viagogo's $4.05 billion. UK Watchdog Launches In-Depth Probe Into Viagogo/StubHub Merger CPI - June 25, 2020 The Competition and Markets Authority (CMA) in the UK has launched Phase 2 in its investigation of the merger between Viagogo and StubHub UK's competition watchdog said late Wednesday that it had started an investigation into ticket reseller Viagogos' $4.05 billion acquisition of eBay Inc's <EBAY.O> ticketing unit Stubhub that was.
UK watchdog halts Viagogo-StubHub merger. The UK's competition watchdog has ordered a stop to any integration between Viagogo and StubHub until it completes its investigation into the operators' proposed merger. The Competition and Markets Authority (CMA) has served an initial enforcement order to the two secondary ticketing companies over. 1 . 27 July 2020 . COMPLETED ACQUISITION Y UG LLC (VIAGOGO) F HE STUBHUB BUSINESS F BAY NC. PHASE 2 ITIAL UBMISSION . Please te hat [ ] ndicates igures or ext hich have been deleted t the equest of the arties for easons f ommercial onfidentiality The UK's competition watchdog has officially launched a merger inquiry into the proposed deal between resale giants Viagogo and StubHub. The Competition and Markets Authority (CMA) has given notice to the two firms some four months after it began considering whether the deal should be allowed to proceed. The deadline for the CMA to announce..
CMA confirms Phase 1 Viagogo-StubHub probe News. 24 April 2020. BUYERS OF resold tickets on Viagogo and StubHub may lose out whatever decision the Competition and Markets Authority (CMA) makes about their potential merger, according to anti-touting campaigner FanFair Alliance (FFA) Ticket reseller Viagogo has a week's time to submit proposals addressing competition concerns over its $4.05 billion deal for the ticketing unit of U.S. e-commerce company eBay Inc, UK's. Viagogo will have to find a buyer for the international arm of StubHub if it wants to gain approval for its four billion US dollar (£3.2 billion) takeover of the company. The Competition and Markets Authority said on Tuesday that it requires Viagogo to sell all of StubHub's business outside of North America before giving approval to the deal
The U.K.'s competition watchdog will be taking a closer look at Viagogo's plan to pick up StubHub in a $4.05 billion deal that will morph the new company into a ticket reselling giant operating in. Viagogo AG is located in Genève, GENÈVE, Switzerland and is part of the Travel Agencies & Services Industry. Viagogo AG has 2 employees at this location and generates $341,522 in sales (USD) SHAME ON YOU! We paid 17.049 kc for 2 trickets, but we got trickets that only had a value 6.605 kc SHAME ON YOU VIAGOGO. Without being able to choose a place on the left side, we have got row 39, where we should have been in the area around row 12 and onwards towards the stage. Never use Viagogo you can't trust Them Ibuyanytickets - Ticket Brokers. Sell Your Tickets Now - free instant online ticket valuation. If you want to sell your surplus Sport, Theatre, Concert, Opera or Ballet tickets we will give you the best prices.We buy your tickets and we don't just pay well, we pay immediately.. NO WAITING till weeks after the event to get paid.. CALL US ON UK +44 0203 086 996 The Competition and Markets Authority (CMA) has reportedly raided the London offices of Viagogo and eBay's StubHub as part of its ongoing investigation into alleged breaches of UK consumer law by secondary ticketing companies
This article considers the requirements of the CMA in order for it to grant clearance for a merger generally, and then looks at the specific case of the Viagogo-StubHub merger and the challenges that it has faced. CMA Merger Requirements. The CMA is the body that enforces competition regulations in the UK, and has done so since 1 April 2014 Viagogo is a London-based ticket exchange and resale company. It was founded in 2006 by Eric Baker, who was the co-founder of the similar U.S.-based service StubHub.. Viagogo is backed by the venture capital investment firm Index Ventures as well as Brent Hoberman, the co-founder and former CEO of lastminute.com, and Jacob Rothschild via his family interests Watchdog escalates probe into Viagogo-StubHub merger UNITED KINGDOM - World News. July 11, 2020. A PHASE 2 in-depth investigation into the $4.05 billion merger of the two biggest secondary ticketing operators, Viagogo and StubHub, is to be underyaken by the Competition and Markets Authority (CMA) Merger Update: viagogo / StubHub . London Stock Exchange. Released 13:00:01 11 June 2020 11 June 2020. London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries.
Viagogo may be forced to sell StubHub to stop fans being hit with higher ticket prices. £3.2bn takeover earlier this year could cause 'substantial lessening of competition' among ticket. Viagogo + Stubhub. 19 February 2017 at 2:36PM edited 30 November -1 at 1:00AM in Consumer Rights. 10 replies 4.1K views GSquaared Forumite. 4 Posts. 19 February 2017 at 2:36PM edited 30 November -1 at 1:00AM in Consumer Rights. I got tickets for an event in Spain where I was meant to be going on holiday. The event hasn't sold out but I am no.
Viagogo, Stubhub, other ticket websites agree to be clearer with consumers Stubhub, Seatwave, Viagogo and Get Me In all agree to make changes AXS cannot validate any tickets purchased from Viagogo, StubHub, or any unauthorised third party vendor. Tickets purchased through vendors such as these might be lost, stolen, counterfeit, or voided by the original purchaser. We only recommend purchasing tickets from AXS.com, the AXS contact centre, the venue box office, or the official venue. ONLINE ticket sites like Viagogo and StubHub will be forced to give out unique reference numbers to fans to stamp out an explosion in fake tickets under a new law passed Thursday The ticketing giant StubHub has begun furloughing employees and similar websites are also facing financial challenges due to events being canceled as a result of the coronavirus pandemic
CMA requires viagogo to sell StubHub's international business. The Competition and Markets Authority (CMA) has concluded that the merger between viagogo and Stubhub will lead to a substantial reduction in competition in the secondary ticketing market in the UK. This could lead to customers who use secondary ticketing platforms facing higher. The FanFair Alliance has written to the Competition And Markets Authority (CMA), urging them to investigate Viagogo's $4 billion acquisition of StubHub.. Viagogo said the deal will unite the two. The two companies are going to operate independently for some time. And executives will plan ways to integrate the businesses in the future. StubHub and Viagogo would create a ticketing powerhouse and hit revenues of about $15 billion next year combined
UK CMA Rejects Viagogo, StubHub Undertakings; Refers Deal for Further Review Provided by Dow Jones. Jun 25, 2020 12:33 PM UTC. By Ian Walker . The U.K. Competition and Markets Authority said. FanFair Alliance welcomes CMA's ongoing concerns with Viagogo / StubHub merger Posted on 11th June 2020 Today, the UK's Competition & Markets Authority (CMA) have provided an update on Viagogo's controversial merger with StubHub - highlighting continued competition concerns with the $4.05bn acquisition, and paving way for an.
UK Regulator Says Viagogo, StubHub Merger Will Lessen Competition June 11 2020 - 08:42AM Dow Jones News By Ian Walker. The U.K. Competition and Markets Authority said Thursday that eBay Inc.'s completed sale of StubHub to Viagogo Entertainment Inc. will lead to a substantial lessening of competition within the country, and is seeking. On 9 April 2021, the CMA announced that it has accepted final undertakings in relation to the completed acquisition by PUG LLC (viagogo) of the StubHub business of eBay Inc On 2 February 2021, the CMA published the final report of its Phase 2 investigation of the completed acquisition by PUG LLC (viagogo) of the StubHub business of eBay Inc The CMA decided the merger, which has been on hold, would lead to higher fees and poorer service for its UK customers. Viagogo bought its main rival from eBay for $4.05 billion in December 2019. In an earlier action that year, the CMA started court proceedings against Viagogo for failure to comply with consumer protection laws, but dropped them. StubHub and Viagogo are two marketplaces for buying and selling event tickets. Eric Baker cofounded StubHub and then later founded Viagogo. In a spectacular feat, he merged both companies in early 2020, only for COVID-19 to shut down the live events world a few weeks later AGE LIMIT'S. Black Deer is a family friendly festival, however all persons under 18 must be accompanied by a responsible adult, aged 21 or over at all times. There is a limit of 3 under 18's tickets that can be purchased with 1 Adult ticket. If you wish to purchase more than 3 under 18's tickets then an additional adult will be required to.