Vivid Seats explores sale following takeover interest

Investing.com -- Online ticketing marketplace, Vivid Seats Inc., is reportedly exploring a sale after receiving interest for a takeover. The company, which went public in 2021 through a blank-check vehicle, is a competitor of StubHub and SeatGeek.

According to sources familiar with the matter, Vivid Seats is currently working with an adviser to assess interest from potential buyers. These sources, who requested anonymity due to the confidential nature of the information, revealed that the company has garnered interest from private equity firms.

The Chicago-based company's deliberations are still in progress. As of yet, there is no certainty that these discussions will result in a transaction. The company's decision-making process is ongoing, and the outcome remains uncertain.

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Source: Investing.com