Lastminute.com Group Buying Spree Won't Be Over for Awhile
Skift Take
CEO Fabio Cannavale has spent the last few years snapping up companies across Europe and as the company looks to supplement its online travel agency model with a media/advertising business, expect to see more deals in the near future.
The company now somewhat confusingly calling itself lastminute.com group is eyeing further acquisitions as it continues to transition away from a pure online travel agency model.
This isn’t the same lastminute.com that became a symbol of the dotcom boom during the early 2000s but rather the company formerly known as Bravofly Rumbo Group.
The Swiss-based firm chose to rename itself after buying lastminute.com from Sabre for only £1 in March 2015, although it did take on some $43 million in debt after asset sales and entered into a long-term global distribution system agreement with Sabre a
