Marketing / 11.07.23
Vivid Seats Strikes $240 Million Deal to Buy Vegas.com
Las Vegas Sun (11/07/23)
Vivid Seats has agreed to acquire the Vegas.com entertainment marketplace for approximately $240 million. The cash-and-stock deal consists of $151.2 million in cash and $88.8 million in Vivid’s Class-A common stock. Vegas.com offers consumers a comprehensive event ticketing inventory and information on shows, tours and various attractions in Las Vegas. Consumers can also book flights and hotels to complete their travel experience. Chicago-based Vivid Seats connects ticket buyers and sellers for a wide array of events throughout North America. Vivid Seats CEO Stan Chia comments, "As we continue to expand our reach and capabilities as a leading global marketplace, we are pleased that our strong balance sheet and robust cash flow are enabling multiple strategic investments."
Ready the full story from Las Vegas Sun.
Tags: Marketing , Acquisition