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Online Ticket Reseller Vivid Seats Fielding Several Go-Private Acquisition Offers: Report
Vivid Seats is fielding several acquisition offers from equity firms hoping to take the online ticket reseller private, according to a report.
Vivid Seats is based in Chicago and was launched in 2001 by Jerry Bednyak and Eric Vassilatos as a competitor to resale platform StubHub and gained popularity with fans and ticket brokers for its ease of use and high traffic. While year-end results for 2024 won’t be available for several more weeks, a recent Citibank analyst report said the firm remains “an attractive private equity takeout candidate with a fairly robust internal rate of return.” A crackdown on suppliers violating federal law could significantly reduce the volume of sales on the Vivid website and negatively impact future revenues.
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