On 2 February 2021, the UK Competition and Markets Authority (“CMA”) published its final report following a Phase 2 investigation of the completed acquisition by the ticket reseller viagogo of competitor StubHub (previously part of eBay Inc.). The $4.1 billion (£3.1 billion) transaction was completed in February 2020. A year later, the CMA concluded that the acquisition raised competition concerns, as it would lead to a substantial lessening of competition in the secondary ticketing market in the UK, and required viagogo to divest StubHub’s business outside North America. StubHub operates a ticketing business in various locations, including the UK and several countries in Europe, North and
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