On Tuesday, Britain’s competition watchdog said, Viagogo would have to sell all of StubHub’s business outside North America following its findings after a probe that the deal would reduce competition in the secondary ticketing market in UK.

In a statement, the Competition and Markets Authority said, the international business of StubHub would need to be independently owned and run by a separate company.

Viagogo had acquired StubHub last year in a $4.05 billion deal from eBay.

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Tags: Britain, business, CMA, Competition and Markets Authority, competition watchdog, deal, EBay, international business, M&A, mergers and acquisition, outside North America, reduce competition, secondary ticketing market, sell, StubHub, UK, United Kingdom, Viagogo