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U.S. Judge Rules in Favor of Sabre-Farelogix Acquisition Over Justice Department’s Antitrust Objections

U.S. Judge Rules in Favor of Sabre-Farelogix Acquisition Over Justice Department’s Antitrust Objections

Sean O'Neill, Skift

Sabre and Farelogix paid $20 million in lawyers' fees in 2019 to respond to U.S. government reviews of their proposed merger and to defend against antitrust proceedings. Is there an antitrust case to be had against Big Law?

9 hours ago

Foursquare-Factual Merger Sets Up Location Data Alternative to Google and Facebook

Foursquare-Factual Merger Sets Up Location Data Alternative to Google and Facebook

Dennis Schaal, Skift

Foursquare absorbing competitor Factual solidifies its position as a leader in location-based ad targeting services. Advertisers will likely welcome the strengthening of a rival to Google and Facebook in this particular advertising realm.

2 days ago

Travelsky Puts On a Brave Face as Chinese Flight Demand Slowly Rebounds

Travelsky Puts On a Brave Face as Chinese Flight Demand Slowly Rebounds

Sean O'Neill, Skift

Travelsky, China's travel technology giant, said it will weather the coronavirus-related plunge in air travel without needing to lay off workers. Remarkably, in January it added a tool to its popular flight app that alerts a traveler if another passenger is later tested and found to have coronavirus.

1 week ago

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Executive Q&A: How to Cut Costs on Business-to-Business International Payments

Executive Q&A: How to Cut Costs on Business-to-Business International Payments

Sabre Virtual Payments + Skift

Travel companies today are more dependent on moving money around the world than ever before. Minimizing the friction caused by foreign exchange fees, regulatory surcharges, and other international fees requires a secure and streamlined global payment solution.

4 weeks ago

Second Life Targets Corporate Sector as Travel Lockdown Bites

Second Life Targets Corporate Sector as Travel Lockdown Bites

Matthew Parsons, Skift

Second Life has every right to reach out to businesses figuring out new ways to work remotely and to better engage potential customers, but there’s a lot of competition right now.

2 weeks ago

Events Planners Postpone to 4th Quarter, Go Virtual in the Meantime

Events Planners Postpone to 4th Quarter, Go Virtual in the Meantime

Dylan Monorchio, Skift

Event planners eager to avoid bidding adieu to their events have been optimistically postponing them to the summer months. With the coronavirus now showing little signs of abating by May or June, however, the industry is looking to the fourth quarter for recovery.

3 weeks ago

What Is Going to Happen to All Postponed Events?

What Is Going to Happen to All Postponed Events?

Julius Solaris, EventMB

The events industry is living through one of the most difficult times of its existence. The coronavirus outbreak has forced an incredible number of events to be postponed. But postponed until when? And what will happen in the fourth quarter of 2020?

3 weeks ago

Airbnb, Others Will Pony Up Data and 10 Other Top Digital Stories This Week

Airbnb, Others Will Pony Up Data and 10 Other Top Digital Stories This Week

Faye Chiu, Skift

In digital news this week, Airbnb, Expedia, Tripadvisor, and others reached an unprecedented agreement with the European Union to share data. Will it shift the competitive landscape? Plus, coronavirus has wreaked havoc on global currency markets, which Latin American online travel powerhouse Despegar said could present big challenges.

1 month ago

Trump Administration Orders Shiji to Sell Hotel Tech Firm StayNTouch

Trump Administration Orders Shiji to Sell Hotel Tech Firm StayNTouch

Sean O'Neill, Skift

This is a highly unusual action. It's unclear why the U.S. government would believe a company would compromise the sensitive personal data of U.S. citizens just because it's based in China.

1 month ago

Amadeus Highlights Meager 1 Percent Air Traffic Growth in 2020 Outside China

Amadeus Highlights Meager 1 Percent Air Traffic Growth in 2020 Outside China

Sean O'Neill, Skift

Amadeus, the world's largest provider of ticket distribution and operational software for airlines, is a bellwether for the sector. It had a weak February, but it expects a rebound later this year. The outlook for airlines, however, is less optimistic.

1 month ago

Travelport’s New CEO Lays Out Bold Plan for a Tech Overhaul

Travelport’s New CEO Lays Out Bold Plan for a Tech Overhaul

Sean O'Neill, Skift

Travelport CEO Greg Webb tells us that the travel distribution giant's private equity investors support a major technology overhaul and that it will involve minimal heartache for agencies. It'll be notable if Travelport's backers defy the reputation of private equity investors for mercilessly extracting value.

1 month ago

Sabre to Boost Its Travel Tech Investment by $150 Million This Year

Sabre to Boost Its Travel Tech Investment by $150 Million This Year

Sean O'Neill, Skift

Sabre CEO Sean Menke is right to highlight the progress his business has made during the three years since he took the top job. He's also right to insist the company needs to invest more in tech to keep up with the travel industry's pace of digital change. But will investors be patient?

1 month ago