Britain record Britain

Watchdog may force Viagogo to sell StubHub over £3.2bn tie-up

Reading now: 595
dailyrecord.co.uk

Viagogo may be forced to sell part or all of StubHub after the competition watchdog found the £3.2billion tie-up could lead to higher fees for fans and lower quality services.The acquisition has previously been dubbed “the worst deal in history” by opponents.The Competition and Markets Authority (CMA) said its inquiry has provisionally concluded Viagogo’s takeover of StubHub could see a “substantial lessening of competition” in the sector.It said the firms are the only two main companies in the UK’s secondary ticketing market, with a combined share of more than 90 per cent.It has set out potential options for the firms to address the concerns, including requiring Viagogo to sell all or part of StubHub.Viagogo completed its takeover of.

Read more on dailyrecord.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA