Japan’s Mixi acquires P2P ticket marketplace TicketCamp for $95.5 million



This is the abridged version from our original article in Japanese.

Japanese internet company Mixi (TSE:2121) announced today it will acquire Tokyo-based Hunza, the company behind peer-to-peer ticket marketplace TicketCamp, for 11.5 billion yen or about $95.5 million.

Since its launch back in April 2013 by former Zynga Japan employees, Hunza has been connecting potential buyers with users who have extraneous tickets for live performances and other amusement events. The company differentiates the platform from other sites such as Yahoo Auction by showing users what tickets the potential buyers can buy.

In this space, we’ve seen many competitors including Japanese startup Ticket Street, which raised $3 million from eBay (NASDAQ:EBAY) and Gree Ventures last year. Our readers may recall that Mixi acquired fashion commerce startup Muse&Co for $14.8 million just last month.

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy