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Tout site Viagogo to sell off its UK StubHub operation after monopoly inquiry
Record’s Stub Out The Touts campaign - bought rival StubHub in a $4 billion deal described as one of the worst in history.The merger was then referred to the Competition and Markets Authority over monopoly concerns, leading to the order for the business to be carved up.Viagogo, which is big in the UK and Europe, needs to sell off StubHub’s concerns outside North America if it wants to gain approval for the takeover.The company had previously suggested that it would be prepared to do so in a bid to allay competition concerns.Adam Webb, of anti-tout group FanFair Alliance, said the spotlight should now fall on Google advertising, which has been the main channel for generating Viagogo’s revenue, often by attracting naive punters who don’t know
