StubHub, an online site for reselling tickets to events, has been acquied by eBay for $310 million, minting the latest Silicon Valley millionaires in co-founders Jeff Fluhr and Eric Baker.
The controversial company has grown steadily, badgering eBay’s business for years. About 30 professional and college sports teams encourage fans to StubHub as a sort of safe haven in the reselling market, even as the New England Patriots have sued the company, saying it is encouraging fans to break anti-scalping laws (StubHub sued back).
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Venture Beat
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