“This could well be one the most poorly timed acquisitions in recent corporate history”
“As we sit here today, [coronavirus] has not [affected ticket sales], because most of the live events where we’ve seen cancellations have really been in China, and a few in Taiwan and Singapore.
Most important for everyone, we hope that they get it under control, and solve the health crisis – but right now it’s been isolated to Asia specifically, and mostly China.”
(Eric Baker, interview with Squawk Alley, CNBC, 21 February 2020)
Viagogo started last month in typically bullish mood.
In the slipstream of their $4.05bn acquisition of StubHub in mid-February, on March 7th the UK’s Daily Telegraph ran a news story suggesting Covid-19 was proving a boon for the secondary ticketing market. While the rest of the live events sector faced impending crisis, listings…
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With ticket sales on pause worldwide and StubHub reportedly facing bankruptcy, Adam Webb ponders whether it could take new owner Viagogo down with it…
Comment 13 April 2020