WSJ.com - Baseball League Buys Tickets.com

"The online arm of Major League Baseball today is expected to announce it has reached an agreement to acquire most of the shares of online ticket seller Tickets.com Inc., a bet on the increasing importance of the Internet for spurring attendance to ballgames and other events, according to people familiar with the matter.

These people said investors holding 82% of Tickets.com's shares have committed to selling their stock to Major League Baseball Advanced Media L.P. of New York. MLB Advanced Media plans to launch a tender offer for the remaining 18% of Tickets.com's stock at an offer price of $1.10 a share for an estimated deal value of $66 million, these people said."

[WSJ]