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UK's competition watchdog says Viagogo's StubHub deal will reduce competition

Reuters logo Reuters 10/22/2020
(Reuters) - UK's competition watchdog said on Thursday ticket reseller Viagogo's $4.05 billion completed deal for StubHub, the ticketing unit of U.S. e-commerce company eBay Inc , will reduce competition.

The Competition and Markets Authority (CMA) said its in-depth investigation provisionally found that the merger could lead to increases in fees for customers and could result in a lower quality of service and reduced innovation in the sector.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Aditya Soni)

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