Jurisdiction(s):
United Kingdom

Key definition

Platforms definition

What does Platforms mean? In legal and advisory practice, platforms are online investment administration systems used by advisers and clients to manage portfolios across multiple tax wrappers and products from a single interface. The term is descriptive (not statutory), though the FCA Glossary defines the related concept of a “platform service.” Usage is broadly consistent across England & Wales, Scotland and Northern Ireland; in Ireland, similar services are regulated by the Central Bank of Ireland. Typical legal features include: custody via a nominee company (legal title held by the nominee; beneficial ownership with the client), dealing and settlement, consolidated reporting, rebalancing, model portfolios...

UK CMA phase 2 decision: viagogo/StubHub SLC in uncapped secondary ticketing platforms; divestment of StubHub International (outside North America) required

Published by a LexisNexis Competition expert

Practice notes

CASE HUB Archived

This archived case hub shows the position as at the decision dated 2 February 2021 and is no longer being maintained. See further, timeline.

Case facts

Outline of a UK merger review into viagogo’s completed purchase of eBay Inc.’s StubHub business. The companies overlap in providing secondary ticketing exchange Platforms.

Latest developments

On 2 February 2021, the CMA published its phase 2 final report, concluding that the deal has resulted in, or could be expected to result in, an SLC in the provision of uncapped secondary ticketing platform services for reselling tickets to UK events. The CMA determined the firms were close rivals with no material competitors. It also concluded that other channels—such as capped-price exchanges, classified listings (for example, Gumtree), Social media, and even the primary ticketing market—would not sufficiently constrain the merged firm from raising Fees or degrading service quality. Owing to these concerns, the CMA is mandating the sale of StubHub’s business outside North America.

Parties

viagogo is a subsidiary of Pugnacious Endeavours, Inc.

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Web page updated on 22/05/2026

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