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Thursday, January 11, 2007

 

eBay to Acquire StubHub for $310 Million

eBay announced Wednesday that it will purchase the rapidly growing online ticket broker StubHub for $310 million in cash. The sale, expected to close before April, punctuates another improbable Internet success story. StubHub's 32-year-old co-founder and chief executive, Jeff Fluhr, with Eric Baker launched the San Francisco startup 6 1/2 years ago during the dot-com bust.

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