Seatwave: Ticketmaster acquires Seatwave operating assets

Ticketmaster has completed the acquisition of operating assets from European resale marketplace, Seatwave.This acquisition will enable Ticketmaster to extend its ticket resale services to Germany, Spain, Italy and other markets throughout Europe.President and CEO of Live Nation Entertainment, Michael Rapino said: "On a global basis we strive to deliver fans all of their ticket options in a safe and convenient marketplace."The acquisition of Seatwave is accelerating this strategy across Europe and we will continue investing in our platforms to provide fans the best ticket buying experience."Mark Yovich, president, Ticketmaster International, said: "Combining Ticketmaster's ticketing and technology expertise with Seatwave's business in additional markets allows us to provide fans with a better ticketing experience across Europe, with more ticket options to live events. We deliver quality services in the resale industry, which will continue to build consumer confidence and satisfaction in our resale marketplaces."CEO of Seatwave Ajay Chowdhury, said: "This is great for Seatwave's customers. Since our inception seven years ago we have given fans of live music, sport, theatre and comedy increased choice when buying and selling tickets."