Ticketmaster buys Seatwave

Ticketmaster has bought the 'operating assets' of secondary ticketing firm Seatwave which will enable the ticketing giant to extend its resale business into a number of new European markets, including Germany, Italy and Spain. Under the new deal, Seatwave will continue to operate separately but as "a Ticketmaster company". According the official statement, this move "builds on Ticketmaster's successful strategy of creating best-in-class, consumer-friendly resale platforms in the United Kingdom, Australia and the United States".