Yesterday, Ticketmaster announced that they are suing eBay and StubHub, a property owned by eBay over interference of contractual rights. Ticketmaster is owned by IAC/InterActiveCorp.
eBay had acquired StubHub on January 10 for $310 million and last month, TicketsNow another company with a similar service, raised $34 million in funding recently.
The lawsuit was filed at the Los Angeles County Superior Court and the case focuses on a specific music tour. The lawsuit filed by Ticketmaster implies Ticketmaster does not approve of the secondary ticketing market.
[Source: Wall Street Journal]
