After Bloomberg reported that Vivid Seats (SEAT) is exploring a sale after receiving takeover interest, Benchmark called Stubhub “the most logical buyer” of the online ticket marketplace, but added that the “biggest stumbling block for strategics” is that they have their own “financial headaches,” pointing to Stubhub’s leverage and SeatGeek’s continued cash burn. Benchmark maintains a Buy rating and $8 price target on shares of Vivid, which are up 76c, or 20%, to $4.55 in Monday afternoon trading.
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