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 39 days ago
 Source: finsmes.com

eBay Completes Sale of StubHub

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eBay Inc. (Nasdaq: EBAY), a San Jose, CA-based global commerce company that connects millions of buyers and sellers around the world, completed the sale of StubHub to viagogo for $4.05 billion in cash. FinSMEs17/02/2020THE PRESS RELEASEeBay Completes Sale of StubHubSAN JOSE, Calif., Feb. 13, 2020 /PRNewswire/ — eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed the sale of StubHub to viagogo for $4.05 billion in cash. First quarter 2020 – The Company now expects net revenue between $2.31 billion and $2.36 billion, reflecting the impact of removing StubHub. Full year 2020 – The Company now expects net revenue between $9.56 billion and $9.76 billion, reflecting the impact of removing StubHub. The increase versus previous guidance reflects the benefit of share buybacks, partially offset by the impact of removing StubHub.

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