eBay to buy StubHub, its ticket reseller biggest competitor

Looks like the mergers & acquisitions market is really hot these days. Following yesterday’s MyBlogLog acquisition by Yahoo! and StudiVZ a few days ago, today we find that eBay has agreed to buy StubHub, an online ticket reseller, for $310 million in cash.

StubHub was founded in 2000 and made more than $400 million in gross ticket sales last year. It offers a secure way for buyers and sellers to exchange tickets as StubHub acts as a middleman and includes money-back guarantee. According to Bill Cobb, president of eBay North America Marketplaces, it’s a perfect complement to eBay’s tickets business. What comes next? Only time will tell.

MyBlogLog, yet another community has been bought

Recently we saw the acquisition of StudiVZ, an online german student community (facebook clone), bought by a german media giant. Now it’s turn for MyBlogLog that has been acquired by Yahoo!, as stated in MyBlogLog official blog. The unofficial numbers are around $10 million.

MyBlogLog is an online service that creates communities among blog readers who like to read the same blogs and so far it the latest step in the so-called Yahoo!’s “social media” expansion that began in 2005 with the acquisition of flickr, a photo sharing site, and continued with del.icio.us, a social bookmarking site, and Upcoming a calendaring site with, of course, capabilities to share events in the purest web2.0 style. Who comes next? Only time will tell.