January 10, 2007 – StubHub, a leading online ticket marketplace, has agreed to be privately acquired by eBay, Inc. for US$ 310 million in cash. Founded in 2000 by CEO Jeff Fluhr, StubHub recently achieved its 5 millionth ticket sale. Nasos Topakas, StubHub’s Chief Technology Officer and SVP of Engineering, was recruited by Essential Solutions, and has led the engineering development team since July 2005. The acquisition, which is subject to regulatory approval and approval of StubHub's stockholders, is expected to conclude in the first quarter of 2007. StubHub enables customers nationwide to buy and sell tickets at fair market value, even those that are "sold out."

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