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Posts Tagged: acquisitions

  • FEATURED POSTRichard Brewer-Hay / Thursday, December 15th, 2011

    StubHub Acquires Zvents 


    StubHub has acquired Zvents, a platform for local event discovery and promotion, boasting a catalog of over 3 million events that are generated from a network of 140,000+ local marketers and promoters.

    Founded in 2005, Zvents currently attracts 14 million monthly unique visitors via its various channels, including Zvents.com and its media partner network of over 300. Exact terms of the deal were not disclosed.

    StubHub currently offers around 30,000 events for discovery whereas Zvents users have access to 600,000 events on any given day and over 3 million during the course of a calendar year. Essentially, with this new acquisition (and after integration), StubHub users will eventually have access to 100x more events than the present.

    I look forward to catching up more with both teams when I’m back in the US to chat about the joint efforts. For now, I’ll just sign off with a hearty welcome aboard to everyone at Zvents!

    Cheers!
    RBH

  • FEATURED POSTRichard Brewer-Hay / Thursday, July 7th, 2011

    eBay Inc. Agrees to Acquire Zong 


    It was announced this morning that eBay has agreed to acquire Zong and Scott Thompson, President of PayPal, just posted to the PayPal Blog about the news…

    Today we announced that eBay has agreed to acquire Zong for approximately $240 million. Zong is one of the leading providers of payments through mobile carrier billing, with connections with more than 250 mobile carriers in 45 countries. Upon closing of the transaction, Zong will eventually become part of PayPal.

    PayPal has 100 million active accounts; millions of people who have already trusted us to provide their digital wallets. And Zong’s expertise in carrier billing means that it has the potential to reach the more than 4 billion people around the world who have mobile phones – including people who don’t have (or choose not to use) bank accounts or credit cards online. By combining Zong and PayPal, we believe we can offer more services to more customers, ultimately bringing even more value to how people pay and get paid.

    You can read more about it on the Zong blog too.

    Cheers,
    RBH

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