The online auctioneer announced late yesterday that it has agreed to acquire closely held StubHub for approximately $310 million. The deal, subject to approval from regulators and StubHub stockholders, is expected to close in the first quarter.
StubHub, San Francisco, acts as a middleman between people who have tickets to sports contests, concerts, plays and other events and those who want to buy. It was founded in 2000 by Jeff Fluhr, now 32 years old, and Eric Baker, 33, classmates at Stanford University's Graduate School of Business."
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