StubHub acquired by eBay - you heard it here first...

About 7 months ago I predicted that eBay would eventually buy StubHub, the wonderful ticket marketplace. Well - looks like the day has come and eBay has acquired StubHub for $310M. From TechCrunch:

"...they are announcing the deal earlier than expected - they are acquiring San Francisco-based StubHub for $285 million plus the cash on StubHub’s books, which is about $25 million. The deal has been signed and should close in 30 days or so. eBay will be releasing a press release shortly."

This one really had the writing on the wall... it just made too much sense, after eBay lost this important marketplace to StubHub. And as I said in my original post - in the marketplace business there is rarely place for more than 1 player and eBay cannot afford not to be the one...

A bunch of other predictions I threw on the wall are here.

More coverage on GigaOm.