By Cara Lombardo and Corrie Driebusch
EBay Inc. is nearing a deal to sell its StubHub ticketing business to Swiss ticket reseller Viagogo Entertainment Inc., according to people familiar with the matter.
A deal could be announced as soon as Monday and value StubHub at about $4 billion, the people said.
EBay has owned StubHub since 2007 when it bought the business for $310 million. StubHub, one of the most popular platforms to buy and sell tickets to concerts, sports and other events, accounted for about 14% of the company's revenue in the third quarter.
Write to Cara Lombardo at email@example.com and Corrie Driebusch at firstname.lastname@example.org
(END) Dow Jones Newswires
November 25, 2019 08:54 ET (13:54 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.