Under Maintenance

We deeply apologize for interrupting your reading but Vendetta is currently undergoing some important maintenance! You may experience some layout shifts, slow loading times and dififculties in navigating.

Vivid Seats Announces Acquisition Of Vegas.com

Last Modified: October 2, 2024

Vivid Seats
Vivid Seats shelled out a lot of money to acquire Vegas.com. Read all of the key details following the acquisition. (Vivid Seats Logo)

Vivid Seats Announces Acquisition Of Vegas.com

Is Vivid Seats joining the content game? The only thing that’s clear is that Vivid just got a serious leg up on the competition in terms of selling tickets in Las Vegas. The ticket company has announced that they are buying Vegas.com for a substantial fee.

If you want to read the full press release, that can be seen here. I’ll share three important quotes below regardless.

CHICAGO, Nov. 07, 2023 (GLOBE NEWSWIRE) — Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced its acquisition of Vegas.com, the leading entertainment marketplace for consumers exploring Las Vegas, in a cash and stock transaction valued at approximately $240 million1.

Vegas.com is a two-sided marketplace and the ultimate destination for live event enthusiasts visiting Las Vegas. As the local market authority, Vegas.com provides the most comprehensive event inventory of shows, attractions, and tours in Las Vegas, one of the world’s most desirable destinations for leisure and business travel. Vegas.com also offers an end-to-end travel shopping experience complete with flights and hotels.

“We are thrilled to announce the acquisition of this strategic asset that will enhance our scale and reach in the entertainment capital of the U.S. and beyond,” said Stan Chia, Vivid Seats CEO. “This transaction will increase our scale and reach in this key market, bring incremental unique inventory through strategic partnerships and offer long-term synergistic upside, while increasing our TAM by over $6 billion. 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.”

$240 million for Vegas.com. Sheesh!

Imagine what Vendetta Sports Media is worth…

I’ll leave it at that. Congrats to Vivid Seats. They made a great deal here that will only help them in the long run sell more tickets in that market.

Follow our socials! InstagramTwitchYoutube

SUBSCRIBE TO OUR NEW GAMING CHANNEL!

Share Trey Daubert post!

Table Of Contents

Recent Posts

Diontae Johnson

Diontae Johnson Thinks Kenny Pickett Will Win Starting Job

Diontae Johnson Thinks Kenny Pickett Will Win Starting Job The Cleveland Browns have one of the most unorthodox QB rooms maybe ever. They have five quarterbacks on their depth chart…

Read More
UFC 317 Preview Bets

UFC 317 Preview And Predictions

UFC 317 Preview And Predictions UFC International Fight Week is upon us. The promotion stacked UFC 317 in honor of the week that celebrates MMA. The card features two tremendous…

Read More
Wander Franco

Wander Franco Found Guilty of Sexual Abuse

Wander Franco Found Guilty of Sexual Abuse Well, it’s official — Wander Franco’s just hit the self-destruct button. The former Rays golden boy, once pegged as the next face of…

Read More

Categories

Close Window

23807 Posts Found

Please hold while we search for your results.