Ticketmaster to buy ticket reseller TicketsNow for $265M
Ticketmaster, the large ticket seller, said it would buy entertainment event ticket reseller TicketsNow for $265 million.
Ticketmaster has long been the monster of ticket sales, but it has been greedy, charging high fees for its service, and now it is facing increasing competition. Even this deal raises new questions for the company.
Announcement is here.
TicketsNow is a Web-based site specializing in music, sports and other live entertainment event tickets. Ticketmaster joins eBay and others in going… Continue Reading
TicketsNow raises $34 million for event tickets onlie
TicketsNow, the Chicago-based online marketplace for reselling event tickets, has raised $34 million from a group of investors.
TicketsNow competes against players like Stubhub.com, RazorGator and TicketLiquidator.com, places where you can buy tickets for events from people who already have bought the tickets — and good ways to get into supposedly sold-out events.
Stubhub showed the potential of the market, when it was bought by eBay for $307 million last month.
Adams Street Partners led the round, which… Continue Reading