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Viagogo's £3.2bn takeover of ticket rival StubHub could be blocked by watchdog

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www.dailyrecord.co.uk

probe that could end up in it being blocked.Toxic ticket company Viagogo agreed to pay eBay £3.2billion for rival secondary site StubHub.The deal was sealed before the coronavirus lockdown sparked a crisis in the entertainment industry, causing a crash in many firms’ stock values.A later announcement of a monopoly probe by the ­Competition and Markets Authority soured further a deal described as “buying the last ticket for the Titanic for $4billion” as Forbes magazine also branded the deal “the worst ever”.The CMA has given Viagogo five days to propose measures to soothe monopoly fears or it will move to an in-depth phase two investigation, which could result in the deal being blocked.The Daily Record has campaigned against ticket touts,.

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