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The eBay logo is pictured on a phone screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration
(Reuters) – EBay Inc will sell its ticketing unit, StubHub, for $4.05 billion to ticket reseller Viagogo Ltd in an all-cash deal, the companies said on Monday.
Shares of eBay were up more than 5% before the opening bell.
The deal is expected to close by the end of the first quarter of 2020.
Reporting by Ambhini Aishwarya in Bengaluru; Editing by Sriraj Kalluvila and Maju Samuel
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