EBay Inc. is buying rapidly growing online ticket broker StubHub Inc. for $310 million (all figures U.S.) in cash, further expanding the Internet auctioneer's electronic bazaar.
The San Jose-based company announced the deal late Wednesday after the news had already been leaked to the media.
The sale, expected to close before April, punctuates another improbable Internet success story.
Jeff Fluhr, StubHub's 32-year-old co-founder and chief executive, launched the San Francisco startup against the dreary backdrop of the dot-com bust 6.5 years ago with another former student at Stanford Graduate School of Business, Eric Baker.
Read more http://www.thestar.com/Sports/article/169862
Thursday, January 11, 2007
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