IAC / Interactive Corp (NASDAQ: IACI) TicketMaster unit has entered into an agreement to buy TicketsNow.com for $265 million (US).
TicketsNow has a large affiliate network and is considered to be one of the largest ticket resellers on the Internet.
TicketMaster, one of the first names in 'independent ticket suppliers' (on and off the net) has many exclusive ticket arrangements with a variety of shows, events and sports teams.
The combined company would be in a better position to compete with EBay owned StubHub.
More details are in TicketNow's release here