Articles tagged “mergers”

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.

4 weeks 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.

4 weeks 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.

4 weeks ago

Japan’s ANA Mulls Buying a Stake in Philippine Airlines

Japan’s ANA Mulls Buying a Stake in Philippine Airlines

Cecilia Yap, Bloomberg

Philippine Airlines needs the funds to compete, while All Nippon Airways must expand beyond a graying Japan. A potential deal isn't surprising for the two carriers, which already codeshare between their countries.

1 month ago

Club Med Parent Fosun Mulls Acquisitions in North America

Club Med Parent Fosun Mulls Acquisitions in North America

Bloomberg

Another Chinese conglomerate, this one with insurance, pharmaceutical, and tourism holdings, is looking to expand globally through acquisitions. Given that HNA Group, Dalian Wanda Group. and Anbang are scurrying to unload assets, does Fosun's strategy raise any red flags?

9 months ago

Skift Podcast: Why Accor Had No Choice But to Change

Skift Podcast: Why Accor Had No Choice But to Change

Hannah Sampson, Skift

Tune in for a candid conversation about the strategy behind AccorHotels' many acquisitions, why the company wants to be part of consumers' everyday lives, and what the CEO has learned from spending hundreds of millions of dollars on startups.

10 months ago

Apple Leisure Group to Merge With Mark Travel in Consolidation of Legacy Players

Apple Leisure Group to Merge With Mark Travel in Consolidation of Legacy Players

Andrew Sheivachman, Skift

This transaction makes one of the largest private players in leisure travel, Apple Leisure Group, even bigger and sweetens the potential reward for the almost inevitable private equity sale of its assets.

11 months ago

InterContinental Hotels Is Closing In on a Luxury Acquisition

InterContinental Hotels Is Closing In on a Luxury Acquisition

Patrick Whyte, Skift

Asset light, something with history and heritage, fewer than 200 hotels ... IHG CEO Keith Barr has quite a specific wish list. It doesn't sound like we'll have to wait too long until we find out the identity of the luxury hotel brand in question.

12 months ago

TripAdvisor Sees Stock Gains After Adding a Venture Capital Exec to Its Board

TripAdvisor Sees Stock Gains After Adding a Venture Capital Exec to Its Board

Joshua Fineman and Brad Olesen, Bloomberg

TripAdvisor will report earnings on February 14. Will its numbers be a valentine to investors? If not, perhaps the company should break up its relationship with the public markets. A move to private ownership could let it retool without fretting about quarterly targets.

1 year ago

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

Patrick Whyte, Skift

HNA Group's decision to at least consider selling its stake in NH Hotels shouldn't come as a surprise. It will be interesting to see whether one of the big hotel companies emerges as a potential buyer.

1 year ago

NH Hotels Turns Down Barceló Merger Offer But Is Open to Others

NH Hotels Turns Down Barceló Merger Offer But Is Open to Others

Patrick Whyte, Skift

NH Hotels may have turned down this approach, but it has not closed the door on others. And with minority shareholder HNA Group looking to raise cash, it wouldn't be a surprise to see another offer sooner rather than later.

1 year ago

Analysts Take Alaska Airlines to Task for Mishandling a Broad Array of Issues

Analysts Take Alaska Airlines to Task for Mishandling a Broad Array of Issues

Sean O'Neill, Skift

Many have dreamt of finding easy fortune in California. But Alaska Airlines is discovering -- via its merger with Virgin America -- that the airport tarmacs aren't paved with gold.

1 year ago