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Expedia’s stake in Trivago brings its travel brand portfolio up to a dozen
DigitalThe Expedia Inc. portfolio is set to grow by one as the travel company announced plans today to take a 62 percent stake in the German travel metasearch site Trivago. Expedia has grown its business by building up a portfolio of travel brands from around the world that cater to budget, luxury, and business travelers. [...]
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Africa’s newest airline FastJet makes moves to buy South Africa’s 1Time
DestinationsU.S., Dec. 19 — As suggested here some weeks ago, at the time strenuously denied, news broke in South Africa that the owners of FastJet have reached a preliminary agreement with the owners of 1Time, a South African LCC which recently halted operations…
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A little victory for former colonies: Avianca owner may purchase Portugal’s largest airline
TransportBrazilian investor German Efromovich, owner of the Synergy group that controls the Avianca airline brands, submitted a binding offer for Portuguese state-airline TAP SA. “I can confirm that the proposal was submitted within the deadline,” Paulo Fidalgo, a spokesman for Synergy in Lisbon, said in a telephone interview, declining to provide details. Synergy, the only [...]
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Priceline and Kayak: Comparing the numbers
DigitalPriceline’s purchase of Kayak at a $1.8 billion valuation is yet another example of a well-established industry giant buying a nimble tech upstart to boost its portfolio. Because Kayak’s key feature was price comparison, we’ve created a handy chart to compare the size and popularity of the two travel tech companies. While Kayak is dwarfed [...]
