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Viagogo-StubHub in Peril as U.K. Watchdog Targets Tech M&A (1)

Oct. 22, 2020, 2:47 PM

Ticket marketplace Viagogo risks having to sell all or part of StubHub after an investigation by the U.K.’s competition watchdog found the completed $4.05 billion purchase of the former EBay Inc. unit will hurt consumers.

The Competition and Markets Authority started an in-depth probe of the deal in June amid antitrust concerns, reaching a provisional decision Thursday that fees for customers could increase and could affect the quality of services offered as well as innovation.

“The evidence we’ve seen so far consistently points in the same direction -- that Viagogo and StubHub have a market share of more than 90% ...