or overseas, i am still going to see viagogo and stubhub? going to meld these under one number, -- under one umbrella band? eric: it takes time before it officially closes, so i can't comment on specifically what we will do, but the stubhub brand is phenomenal. it is one of the best brands in the world, so we look forward to continue to build that. guy: where do you see the live trend going next -- the live event trend going next? clearly there is huge demand for people to have these kinds of experiences. what is the next hot spot that kind of market? eric: we have a huge tailwind, when you talk about live events. what is great is that was technology, it's changed so many things that people do. shopping from home, not doing the same things they may have come but the one thing that has been consistent is live events continues to grow. i think that is because the emotional and visceral connection that fans have, whether seeing your favorite concert or sporting event, it can never be duplicated, no matter how. . good virtual reality is. . we se

viagogo had to bring on other investors to fund this because viagogo is a private company and not well-knowno they had to get funding from jp morgan and others to make this happen. taylor: thank you both for joining us. the ceo of the new online marketplace and platform can battle rivals like amazon. we will hear how he plans to do that, next. bloomberg technology is livestreaming on twitter. check us out @technology. this is bloomberg. ♪ taylor: let's get a look at the top tech calls. loop capital markets upgraded lyft to a buy. they say the company has strong execution and benefits from an improved competitive environment share gain and margin expansion to continue with the growth. another company upgraded from a buy, saying the company had turned the corner with the android app. the company says snap is seeing the highest and revenue growth of major platforms. netflix downgraded to an underperformed by analysts at wells fargo, saying it offers growth at an unreasonable price. wells fargo analysts say it will keep content and marketing spend elevated and that could cut down growth in avera

viagogo says the move would create more choice for customers.the uk's competition authority suspended legal action against viagogo after it made changes to the way it operates. lawrence gosling, editor—in—chief what investmentjoins me now. good morning. good to see you. tell us good morning. good to see you. tell usa good morning. good to see you. tell us a bit more about this deal. an extraordinary deal in a sense because you have got to online ticket resellers online, they have been around for a long time. stubhub has been in operation since 2000. ebay, the owner of stubhub, from a business perspective has produced a fantastic return for its shareholders by selling this to viagogo, but the more significant long—term impact for us is there is potentially a monopoly position and we are seeing some of the smaller players arguing that is the case. for viagogo, they paid too much? you would look at that and say, yes. clearly, for ebay to sell something, they must think that perhaps it doesn't fit their business model and this does, they paid 300 mi

viagogo is buying its rival from ebay, which bought stubhub in 2007 for $310 million.e uk's competition authority suspended legal action against viagogo after it made changes to the way it operates. poland has brought about 100 tons of gold home from storage in the bank of england in a bid to demonstrate the strength of the nation's economy. after adding to its existing gold reserves, the country has now become the 22nd biggest bullion holder in the world. the polish central bank also says the country has the biggest reserves of the metal in the european union's east. up next, newsbriefing. for now, you are up—to—date on the business stories. the lorry driver, maurice robinson, accused of causing the deaths of 39 migrants found in a lorry container in essex, has pleaded guilty to conspiracy to assist illegal immigration. the bodies of the people from vietnam were discovered last month. another man has now been arrested. our home affairs correspondent daniel sandford reports. the discovery last month of 39 dead people from vietnam in the back of a lorry in essex led to

isthat really the play here, viagogo gets the u.s. market and then stubhub can also have a well?ch as >> that's definitely the strategy, because viagogo isn't really present in the market a very fragmented industry. there's many competitors. were even trying to bid on this business, and other upstarts. the stubhub founders have really gone out and founded a lot of going afterat are that market. so it's going to be competitive and viagogo coming in with good chance in terms of having a good brand consumers. but ebay was under pressure to sell this. it wasn't fitting in and it was looking for other avenues to growth revenue. >> and you cover ebay for us, so i want to get your take. a lot of analysts said this deal was going to be unlocking a lot of value for ebay. what's your analysis? actually does two things for ebay. sortit buys them time to of fix the core marketplace, which is going to take time. they have to come up with a sustainable strategy. this can help fuel profit growth. like increases the impetus on the other assets, scenarios, like classifieds, things like that. stru

viagogo had to bring on other investors to fund this because viagogo is a private company and not well-knownad to get funding from jp morgan and others to make this happen. taylor: that was bloomberg's leanna baker. coming up, tuesday was a banner day for alibaba. shares began trading in hong kong, ending the day more than 6% above the listing price. and bloomberg technology is a livestreaming on twitter. check us out and be sure to follow our global breaking news network on twitter. this is bloomberg. ♪ taylor: welcome back to the "best of bloomberg technology," i am taylor riggs. alibaba made its trading debut on the hong kong exchange this week. the chinese e-commerce giant pulled off the biggest share sale in nearly a decade, raising $11 billion. alibaba plans to use the funds to drive user engagement, improve operational efficiency, and pay for continued innovation. bloomberg paul allen from sydney and i got digital's from bloomberg -- got details from bloomberg sophie kamaruddin in hong kong. sophie: plenty of cheers not only filed above about also hong kong which is now home to two of

viagogo had to bring on other investors to fund this because viagogo is a private company and not well-knowney had to get funding from jp morgan and others to make this happen. taylor: that was bloomberg's leanna baker. coming up, tuesday was a banner day for alibaba. shares began trading in hong kong, ending the day more than 6% above the listing price. and bloomberg technology is a livestreaming on twitter. check us out and be sure to follow our global breaking news network on twitter. this is numbered. -- bloomberg. ♪ when it comes to using data, everyone is different. which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to other top wireless carriers. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. taylor: welcome back to the "best of bloomberg technology," i am taylor riggs. alibaba made its

founderis viagogo and ceo.ox is ramping up the pressure on hp, planning to go directly to shareholders to present its case for a tie up. the latest on the deal. writing to the board, xerox wanted to apologize for its aggressive tactics. xerox will urge shareholders to persuade the hp board to "do the right thing." shery: citigroup has been fined by the bank of england for years of inaccurate reporting about its capital and liquidity levels. the regulation authority says between june 2014 and december of last year, three u.k. city units have significant flaws in the system they use to give information to regulators, as well as failing internal governance. paul: swiss bankers facing more pressure. institutional shareholder services is urging investors to vote against'the banks remuneration report. iss says all directors should share accountability. plenty more to come on bloomberg. this is bloomberg. ♪ shery: this is "bloomberg daybreak: asia." the reserve bank of australia has discussed unconventional policy. it

viagogo sells billions globally.the two together and you have a pretty sizable business >> you didn't give us any specifics there, though, did you? >> i'm sure you can do the math but if you take multiple billions with five you get a sense of it. >> multiple billions could be a lot of different things. talking about billions, $4 billion is a pretty significant number you have committed financing i guess from jpmorgan. are you confident in terms of where and how you're paying for it >> yeah. we are very excited about it as i say this is the acquisition where the industrial logic makes a ton of sense for us. it brings a lot of value to fans and again this is -- we know the sector extremely well. having started both companies. we understand what we're getting here and what we can provide for other people so it's certainly -- >> finally, i guess -- eric, you founded as you said stubhub and then in business school and you -- that's when it was sold to ebay for $310 billion i wondered if you were there if you would have so

also things you don't think about ebay, stub hub and viagogo and a lot of other financial engineering. you'll see more of that. only 24 days until christmas a special friend, a granddaught granddaughter, buy her a baseball team, the atlanta braves in addition to that if you have a really good friend, buy them a ferrari. one share is like $150 and then if you really are excited about new york sports -- >> you buy them the knicks madison square garden will be spinning off all of their entertainment businesses and we don't know the final balance sheet but you can get the knicks and the rangers and those are good christmas presents. if you want to have fun and cheer, just root for america >> cliff wants dolan to sell before the spin. >> come on, cliff, forget about it >> do you think dolan should sell the knicks and rangers? >> the company will be kept and spinning off the entertainment what will be public are the sports teams why would i want to sell an iconic brand to whom and for what price it's a taxable transaction, it makes no sense then you have a double tax and the money stays in

viagogo has great distribution.tates, it made a lot of sense to us. maria: right now whether it's media, like television, it's all about live. you can watch streaming, that's one area of entertainment that's doing really well. the other air a ya is live. the live event is something that will command a premium for you, right? >> no question. i mean, what's amazing is even with the advent of technology and dings. hillarydifferent things going oe of being at a concert, a festival, a sporting event and the emotional connection. that's why it's extremely valuable to be in a space with that kind of growth. >> there's other names i use sometimes if i look to get tickets, vivid seats, seat geek. who is the biggest competitor for you guys? >> obviously, look, any time you're in a marketplace business you have to compete every day to give consumers and fans the best experience so they can have a seamless experience, get what they want. i think the he key thing that we see is the shift has been away from a traditional sort of

and we hear from viagogo

and we hear from viagogo chairman and founder after that stubhub cash deal from ebay. five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. the listing is being seen as a triumph for a stock exchange. it comes as pro-democracy protest have gripped the city for weeks. joining us from washington, john freeman, vice president of equity research at cfra. if you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash? john: it will be interesting to see what they do. i think that brings them to about $43 billion in total, 21 in net cash. i would like to see them invest more heavily into the cloud business which is a percent of revenue now, it was growing 64% year-over-year growth in the last quarter. we have seen this movie before, how the small business scales with amazon. 12% of revenue, 70% of profit. as it crosses the breakeven point soon and they can offer additional services, i think that would be a good way to spend the money. i am sure they will inv

and ebay sold stub hub to viagogo, for $4 billion. >>> the best story you're going to see this morningroke into a rochester, new york, home picked the wrong grandmother. 82-year-old willie murphy was getting ready for bed last thursday night when someone was pounding on her door an urging her to call an ambulance for him. >> i heard a loud noise. i'm saying to myself, what the heck is that? a young man is in my home. i'm alone and i'm old. but i'm tough. i took that table and i went to working on him. and the table broke. i had really did a number on that man. >> she's 5 feet tall and 105 pounds. she squirted the intruder with shampoo and whacked him with a broom. she's an award-winning bodybuilder that works out almost every, single day. she doesn't plan to press charges against the intruder who required medical treatment when police arrived. >> she's a retired social worker. and she didn't stop dead lifting until she was in her 70s. there's hope for all of us. >> thanks for joining us. i'm christine romans. >> i'm kaitlan collins. thanks for having me this >>> a federal judge is ruli

leslie picker here >> novartis is purchasing the medicines company and ebay is selling stubhub to viagogofrom last year during the summer months in the u.s. deal making year to date is at its highest level since the same period in 2015. more than $1.8 trillion worth of u.s. targets have agreed to be sold that compares to $1.7 trillion during the same period last year globally though some industry watchers are expecting a slowdown in 2020 as the trade war, recession concerns and of course the u.s. presidential election causes ceos to take a pause. law firm baker mckenzie is predicting deal making to plunge 25% next year as a result, guys. >> thank you for that. we're going to continue this conversation about deal making and this what seems like a deal making rush. want to turn to our guest host who is in the deal making business now eric cantor, he's vice chairman, managing director at molus and company. what do you think is driving all of this exactly? is it an end of the year thing something else happening >> i would say maybe there is some impetus to get deals to happen now there is, i