Articles tagged “m&a”

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Airbnb Is Paying $400 Million For HotelTonight, Half in Pre-IPO Stock

Airbnb Is Paying $400 Million For HotelTonight, Half in Pre-IPO Stock

Dennis Schaal, Skift

On the surface, HotelTonight got a lowish deal from Airbnb. But with roughly half in stock, the price tag could look very upbeat if Airbnb's stock soars in an initial public offering.

12 months ago

Airbnb Is Buying HotelTonight: Here’s What That Means

Airbnb Is Buying HotelTonight: Here’s What That Means

Deanna Ting, Skift

Will Airbnb stick to its boutique and independent-only stance on hotels? It could put it at a serious disadvantage when it comes to competitors like Booking or Expedia in the long run. But if Airbnb winds up offering a wider swath of hotels, it could boost its brand even further. Either way, it's guaranteed to be interesting. We'll get the popcorn ready.

12 months ago

Delta Wants an EasyJet Partnership in Bid for Alitalia

Delta Wants an EasyJet Partnership in Bid for Alitalia

John Follain, Bloomberg

The details on Delta's quest for a partnership with rival bidder easyJet for bankrupt Alitalia are so sparse they are difficult to assess. But a decision on the fate of the bankrupt Italian carrier could be coming this week.

1 year ago

Private Equity Takes Over Switchfly in a Bet on Travel Loyalty Tech

Private Equity Takes Over Switchfly in a Bet on Travel Loyalty Tech

Sean O'Neill, Skift

Switchfly, a travel tech firm specializing in loyalty and e-commerce upselling, has been taken over by private equity firms Golub Capital and L Capital.

1 year ago

Airbnb Buys Gaest to Push Further Into Meetings

Airbnb Buys Gaest to Push Further Into Meetings

Sean O'Neill, Skift

Airbnb's move to offer more meetings spaces represents an example of one of Skift's 2019 Megatrends, as many giant online booking companies are looking for their next phases of growth by expanding into new areas.

1 year ago

Alaska Airlines Works Fast to Erase Memories of Virgin America

Alaska Airlines Works Fast to Erase Memories of Virgin America

Brian Sumers, Skift

It can take some airlines as long as a decade after a merger before they truly operate as one entity. But Alaska Airlines is working much faster to gobble up Virgin America. Part of that is because both carriers were relatively small. But by any standard, Alaska is moving quickly.

1 year ago

British Airways Rules Out Further Norwegian Offer

British Airways Rules Out Further Norwegian Offer

Patrick Whyte, Skift

Is this the end of the story? We're willing to bet that this one still has more twists and turns to come.

1 year ago

Airbnb Talked to HotelTonight About an Acquisition But Would It Make Sense?

Airbnb Talked to HotelTonight About an Acquisition But Would It Make Sense?

Dennis Schaal, Skift

Is Airbnb flailing at a way to build an expansion narrative ahead of an initial public offering? Buying HotelTonight would save some time and effort in making inroads with boutique hotels, but does Airbnb really need HotelTonight to do that? In travel, everyone is always talking to everyone so we're unsure how serious these informal talks ever were.

1 year ago

Delta and Alitalia Execs to Meet in Atlanta About Merger

Delta and Alitalia Execs to Meet in Atlanta About Merger

Maria Ermakova, Bloomberg

Italian authorities are trying to figure out how to carve up Alitalia, and Delta is emerging as a leading candidate.

1 year ago

Airbnb’s Grand Travel Ambitions Could Be Taking a Detour

Airbnb’s Grand Travel Ambitions Could Be Taking a Detour

Dennis Schaal, Skift

Airbnb could be in the initial stages of getting into property management. While such an initiative has its risks in terms of criticism from current property management partners, it seems like a much smarter strategy than expanding into very complex and difficult areas such as flights.

1 year ago

Michelin Guide Owner Buys Tablet Hotels to Build a Travel Business

Michelin Guide Owner Buys Tablet Hotels to Build a Travel Business

Dennis Schaal, Skift

Tablet Hotels found itself a world-class strategic buyer to propel its growth. Tablet as part of Michelin will face huge marketing hurdles, and the challenge of trying to reshape Michelin's legacy guide offerings.

1 year ago

Expedia CEO Insists That Online Travel Agencies Aren’t Over

Expedia CEO Insists That Online Travel Agencies Aren’t Over

Dennis Schaal, Skift

The biggest knock on the online travel agencies these days is that the competition is intense and that their golden years are done. Expedia's Mark Okerstrom counters that his company has a single-digit share of a $1.6 trillion market, and he's going wide and deep to pick up more. The jury is still out.

1 year ago