Internet auction site eBay Inc. said Tuesday it completed its purchase of online ticket broker StubHub Inc.
The $307 million cash deal, announced last month, is designed to provide growth for the Internet auctioneer. EBay (nasdaq: EBAY - news - people )’s market value has plunged by nearly 50 percent, or $37 billion, over the past two years amid investor concerns about slowing growth in its online auctions, prodding management to expand into other electronic commerce markets.
ebay’s StubHub Purchase Complete
February 14, 2007 by Ty | 0 Comments
In eBay News
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