M&A
confidence high
sentiment positive
materiality 0.65
Vivid Seats acquires Japanese ticket marketplace Wavedash for ~$61M
Vivid Seats Inc.
- Enterprise value ¥8.7B (~$61M) cash; close expected Q3 2023.
- Wavedash is market leader in Japanese secondary ticketing; FY23 rev ~$35M.
- CEO calls deal accretive and TAM-expanding; CFO notes accretive EBITDA margins.
- Wavedash will operate as wholly owned subsidiary after closing.