His online ticket marketplace, Viagogo, would buy its larger rival StubHub from eBay for $4.05 billion. The British government has launched an antitrust investigation into the acquisition, forcing Viagogo and StubHub to keep operating separately until at least June. “It’s a lot of very high-IQ people who aren’t tremendously commercial all the time.”Archrival: Jeff Fluhr, StubHub’s cofounder, cashed out in 2007. Baker opposed the deal, thinking Fluhr & Co. had sold out too early, as he later told the Wall Street Journal. Lest he be forced out of yet another company, Baker gave himself supervoting shares that guaranteed him total control.

Source: Forbes May 27, 2020 10:30 UTC