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Mergers and Acquisitions

Skift Meetings

Mergers and Acquisitions Heat Up in the Event Industry

Mergers and acquisitions are changing the landscape of the events industry. What does that mean for you?

Mergers and Acquisitions Heat Up in the Event Industry

News Blog

It’s Official, A New $6 Billion Travel Retail Giant is Born: Dufry Buys Autogrill

This deal has been rumored and in the works for many months now: Switzerland headquartered travel duty free and retail firm Dufry has agreed to buy Autogrill from Italian billionaire Benetton family, creating a new $6 billion player in the travel retail market, reports Bloomberg. The combined group will have 5,500 outlets at around 1,200…

News Blog

Singapore’s Ascott to Acquire Serviced Apartment Company Oakwood

Singapore-based Ascott is buying global serviced apartment provider Oakwood Worldwide from Mapletree Investments, increasing its global portfolio by 81 properties and about 15,000 units. Terms of the deal were not disclosed. The acquisition is set to be completed in the third quarter of 2022, after which 8,500 Oakwood operational units are expected to immediately contribute…

Airline Weekly

The Courtship of Spirit Airlines

For those who hoped we'd have a resolution to the Spirit Airlines merger saga this week: no dice.

The Courtship of Spirit Airlines

News Blog

Hospitality Management Platform Cloudbeds Acquires Messaging Service Whistle

Cloudbeds, a San Diego-based software company that helps independent hotels set their set their rooms and market their inventory online, announced on Monday at HITEC 2022 that it's acquiring hotel messaging software Whistle. The move is part of Cloudbeds' strategy to facilitate communication between accommodation providers and guests. "The term contactless is becoming far too…

Hotels

Choice Hotels to Buy Radisson Hotel Group Americas for $675 Million

Choice wants to make its mark in the upscale segment. This is certainly one way.

Choice Hotels to Buy Radisson Hotel Group Americas for $675 Million

News Blog

G Adventures Hasn’t Yet Used Certares Investment Money; Closing In On Acquisitions Now

G Adventures, the small group tour operator hasn't yet used any of the large amount of money it received in early 2021 from travel-focused private equity firm Certares, CEO Bruce Poon Tip admitted in an interview with Phocuswire. When Skift first broke the news about this investment in early Feb 2021, the company said at…

Mergers and Acquisitions

Beyonk Snaps Up Bookinghound to Create UK’s Biggest Seller of Attraction Tickets

This deal will unite Beyonk's capital access with technology and geographic reach Bookinghound has. Bookinghound's founder will stay on, as Beyonk's CEO leads the combined company.

Beyonk Snaps Up Bookinghound to Create UK’s Biggest Seller of Attraction Tickets

News Blog

Report: Partners Group to Buy 2,000 Home Rentals From Fortress Investment for More Than $1 Billion

A major real estate transaction is in the works, according to Bloomberg, with Partners Group Holding on pace to acquire some 2,000 home rentals, mostly in the U.S. sunbelt, from Fortress Investment Group in a deal valued at more than $1 billion. The acquisition would also include some 1,000 properties under contract. "Single-family rentals became…

Mergers and Acquisitions

PlusGrade to Buy Points.com for $385 Million in Cash in Blockbuster Loyalty Deal

PlusGrade and Points.com deal with some of the same partners, and they can now approach them with a collaborative pitch.

PlusGrade to Buy Points.com for $385 Million in Cash in Blockbuster Loyalty Deal