June 25, 2020 / 12:30 PM / 9 days ago

UK competition watchdog to start second phase of probe into Stubhub-Viagogo deal

June 25 (Reuters) - UK’s competition regulator said on Thursday it will conduct an in-depth investigation of ticket reseller Viagogo’s $4.05 billion deal for the ticketing unit of U.S. e-commerce company eBay Inc.

The Competition and Markets Authority (CMA) said the proposed undertakings offered by Viagogo and StubHub were "not a clear-cut solution" to address the concerns the regulator had raised regarding the acquisition. (reut.rs/382CkU8)

Viagogo said it will continue to work with the CMA during phase two of the review, while Stubhub did not immediately respond to a request for comment. (Reporting by Shanima A in Bengaluru; Editing by Aditya Soni)

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