Earlier this week, eBay announced plans to sell event ticket exchange and resale company Stubhub to Swiss ticket vendor Viagogo for $4.05B in cash. The news spurred eBay shares to rise 1%. The company will reportedly use deal proceeds for stock buyback, M&A investing, and dividends.
Eric Baker, Viagogo CEO, was a business student when he co-founded StubHub in 2000. Baker had already left StubHub by the time the company was sold to eBay in 2007 for $310M.
While Viagogo and StubHub are expected to continue independent operation, the eventual combination of the two ticket companies will cover event sales for more than 70 countries.
The sale is expected to be closed at the end of the first quarter, subject to approval and conditions.
Based on anonymous employee ratings on Comparably, 81% of StubHub employees say they are satisfied with their benefits. 79% describe their work environment as positive. 86% say the company’s goals are clearly laid out, and that they are invested in them. 88% say they receive an annual bonus.
Stubhub employees say:
“They’re willing to teach and I’m willing to learn new things.” – Leadership review
“Close-knit teams that are committed to moving the needle. Really smart people that love live events.” – Team review
“Competitive base & compensation. Great benefits, including sabbatical, parental leave, etc.” – Compensation review
“Co-workers are all really cool, friendly, down-to-earth people. We work in a category that are passion points for people – experiencing concerts, theater and sports live.” – Environment review
