Subsidiary of MTS bought Ticketscloud ticketing service
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As Egor Egerev, the founder of the service, noted, following the results of the transaction, he and his partner Karina Kirillova will have 15% of Ticketscloud, the rest will be transferred to MTS Entertainment. The amount of the transaction is not specified.
Negotiations on the purchase of the service became known in March this year. First about it informed “Kommersant”. By that time, negotiations had already reached the final stage. According to the publication, the asset was valued at 0.5-2 billion rubles.
Minin explained the interest in buying the service by the fact that he “survived the fall of the concert market, first against the backdrop of a pandemic, and then against the backdrop of a special military operation.” He did not name the exact amount of the transaction, but confirmed that the full redemption of the company should take place within two years.
The Ticketscloud ticket aggregator was founded in 2014. According to the Unified State Register of Legal Entities, the company’s ownership shares are still distributed as follows: Egerev owns 15% of the company, the remaining 85% belongs to Ticketscloud Ltd, registered in the British Virgin Islands. At the end of 2022, net profit amounted to 80 million rubles. against a loss of 8 million rubles. in 2021
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