Ticketmaster Suing eBay/StubHub Regarding Contractual Rights

Posted Apr 19, 2007

Yesterday, TicketMaster announced that they will be suing eBay Inc. 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-line raised $34 million in funding. 

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.

[Information Source: Wall Street Journal]