Vivid Seats, an online ticket resale marketplace, is reportedly attracting acquisition offers from several equity firms seeking to take the company private. Company officials have engaged an advisory firm to explore potential sale options. Following news of a possible purchase, Vivid Seats' share price surged 20% and has remained elevated. Vivid Seats, based in Chicago and launched in 2001, has grown in popularity for its user-friendly platform and high traffic volume.
Vivid Seats , an online ticket resale marketplace that went public through a SPAC merger in 2021, is reportedly fielding acquisition offers from several equity firms hoping to take the company private, according to a recent report in. Company officials have brought on an advisory firm to help gauge interest in a potential sale, according to the report. led to a 20% jump in the company’s share price on Dec.
Vivid is believed to represent about 25% of the North American ticket market, although its market share of concert tickets is believed to be larger since 52% of its sales are linked to music and 33% come from sports, according to one analyst report.
Acquisitions Private Equity Vivid Seats Ticket Resale SPAC
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