Don't Be Boring: Artist's Guide To Branding
Why Taking Time Off From Music Can Harm Your Career

No Fee TickPick Acquires Razorgator, Adds 1M Users

image from crunchbase-production-res.cloudinary.com[UPDATED] No-fee ticket marketplace TickPick has acquired  ticket reseller Razorgator. Details of the acquisition were not disclosed, but Razorgator had raised $60 million in funding from Oak, Kleiner, Perkins, Caufield & Byers and Steamboat since 2001.

image from crunchbase-production-res.cloudinary.comSuggesting a purchase price well under $60 million, TickPick says that this acquisition came in response to the market consolidation occurring throughout the secondary ticket marketplace. The company is planning more similar acquisitions that take advantage of the crowded and volatile secondary ticketing sector.

Razorgator has previously sold more than 3.5 million tickets to 250,000 different sporting, musical, and theater events throughout the United States.Today's acquisition does not cover the corporate ticketing business that Razorgator operates with select corporate partners.

Razorgator management will act as consultants after the acquisition.

“We’re excited to complete this acquisition of the longstanding Razorgator brand and customer base,” said Brett Goldberg, cofounder and co-CEO of TickPick. “The Razorgator brand has significant value, as the average customer orders nearly $500 (in tickets) each time they place an order and they’re extremely loyal to the brand. We’re going to further improve the brand through our white label capabilities, which features our smooth back-end technology and amazing customer service. We’re bringing the best TickPick has to offer to the one million Razorgator customers through our ‘Best Price Guarantee’ and low transparent fees, which make our tickets consistently less expensive than those offered by competitors.”

Sirius XM's $480 Million Pandora Investment Just Prolongs The Inevitable [Bobby Owsinski]
Sprint Acquires 33% Of Jay Z's TIDAL For $200M, Promises $75M Fund For Artists
$58.8M Later Ticketer Razorgator Joins Startup Deadpool - hypebot
Spotify Partners With Capital One For 50% OFF All Subscriptions
Warner Music Group Strengthens Digital Team With 2 New Hires
Stagelink Expands To US Backed By Seven Figure Investment
Ed Sheeran Ticketing Fiasco Casts Harsh Light On Broken Industry [Mark Mulligan]
Should You Have a Local Number for Business?
3 Sure Signs You're about to Hire a Dud
Schedule K-1, Taxes, and You

Comments