Press / Vivid Seats Announces Acquisition of Vegas.com
November 07, 2023 · Vivid Seats
Vivid Seats Announces Acquisition of Vegas.com
Vivid Seats Inc. (NASDAQ: SEAT) announced it acquired Vegas.com in a cash-and-stock transaction valued at roughly $240 million, made up of about $151 million in cash and $89 million in Vivid Seats stock, in a deal that closed in November 2023. CEO Stan Chia said the acquisition expands the company's addressable market by more than $6 billion and strengthens its position "in the entertainment capital of the U.S." Vegas.com runs a marketplace for Las Vegas shows, hotels, and attractions, partnering with operators including MGM Resorts and Caesars Entertainment. J.P. Morgan Securities advised Vegas.com's sellers and BakerHostetler advised Vivid Seats.