Report: Lyte to acquire Event Genius assets
With parent company Festicket set to fall into administration, Event Genius has reportedly agreed to offload certain assets to US-based Lyte
News By James Hanley | 9 September 2022
Ticketing exchange and technology firm Lyte is reportedly acquiring certain assets from Festicket-owned Event Genius.
Earlier this week, it emerged that Festicket was on the verge of falling into administration after a moratorium filed by the festival discovery and booking platform came to an end, with Companies House documents stating it was “no longer likely to result in the rescue of the company as a going concern”.
Now, according to an update to partners seen by The Ticketing Business, Event Genius – the ticketing and cashless payments specialist acquired by Festicket in 2019 – confirms it is winding down its existing business and has reached a deal with US-based Lyte.
“An agreement has been made with Lyte for the sale of certain assets from the business, including the…
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