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

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,…

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