eBay announced Thursday it will acquire ticket-selling site StubHub for about US$310 million in cash.The auction giant said the deal is expected to close in the first quarter of this year. EBay said it will discuss the impact of the acquisition on its financial guidance in its quarterly earnings conference call on Jan. 24.StubHub started in 2000, designed to match buyers and sellers of tickets for live sports and entertainment events, within the boundaries of antiscalping laws in force in most states. EBay said the acquisition will help to strengthen its own online ticket offerings. The move also eliminates a strong competitor in the online ticket resale sector.-Steven Schwankert, IDG News Service (Beijing Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by FPT Software Time for New Partnership Paradigms to Be Future-fit By Veronica Lew Dec 06, 2023 5 mins Vendors and Providers brandpost Sponsored by BMC Why CIOs should prioritize AIOps in 2024 AIOps empowers IT to manage services by incorporating AI/ML into operations. By Jeff Miller Dec 06, 2023 3 mins IT Leadership opinion Generative AI in enterprises: LLM orchestration holds the key to success In the dynamic landscape of AI, LLMs represent a pivotal breakthrough. Unlike traditional AI, which demands frequent data updates, LLMs possess the ability to learn and adapt in real-time. This mirrors human learning and positions LLMs as essential f By Shail Khiyara Dec 06, 2023 10 mins Generative AI Artificial Intelligence brandpost Sponsored by Freshworks How gen AI is joining the holiday shopping season One year after the launch of ChatGPT, the retail industry is embracing generative AI to deliver a variety of benefits By Elliot Markowitz Dec 06, 2023 4 mins Generative AI Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe