Travelzoo Reacquires Its Asia-Pacific Business From Founder for $22.6 Million
Photo Credit: Travelzoo seeks to provide inspiration for people to travel and thus published this photo of Four Seasons Bora Bora to Travelzoo's Facebook page. Travel Babbo/Travelzoo / Eric Stoen
Skift Take
With Ralph Bartel of Travelzoo essentially buying back his Asia-Pacific business at a huge profit, Travelzoo instantly becomes more global as it tries to build out its hotel-booking business.
Deal publisher and hotel booking site Travelzoo, which sold its Asia-Pacific businesses to founder Ralph Bartel for $3.6 million six years ago, has reacquired the businesses for a fair market value of $22.6 million.
Travelzoo founder Ralph Bartel controls the company that is the largest shareholder of Travelzoo, and wields majority voting power. He is also the sole shareholder of the company that owns Travelzoo As
