A hot ticket? Why Viagogo’s acquisition of StubHub is no sure thing
The secondary ticketing market is facing calls for regulation, artists are unhappy and the competition is only increasing, writes James Moore
A sport or music fan’s nightmare? A lot of people will see the acquisition of StubHub, the secondary ticketing website, by rival Viagogo in those terms.
Consumer group Which? certainly thinks so, saying that “any move to increase [Viagogo’s] grip on the secondary ticketing sector is likely to be a worry for consumers”, citing “its long history of ripping off music and sports fans”.
With a $4bn (£3.1bn) price tag, it’s a fancy ticket. A hot one? That’s an interesting question. But for regulators the deal could certainly be described as a hot potato.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies