Lastminute Bought WAYN’s Assets for Just $1.2 Million

Social travel network WAYN was rescued from insolvency by lastminute.com group after the Swiss-based company agreed to acquire its assets for a mere $1.2 million (£1 million) in a controversial “pre-pack” deal. Over the course of its 14-year history, WAYN had raised $11 million from investors so the $1.2 million payday did not please many investors. A … Continue reading Lastminute Bought WAYN’s Assets for Just $1.2 Million