Market Report -- Story Stocks (EBAY)

29.60: EBay, the world's largest Internet auctioneer, has added another service to its repertoire. The company announced a plan to buy privately-held online ticket reseller StubHub for $310 mln to boost its share in the multi-billion dollar secondary seat market for sporting and entertainment events. The all cash transaction, which is expected to close sometime in the first quarter, will enable eBay to garner a greater footprint in an industry that generated $10 bln in annual sales, according to StubHub.