Articles tagged “mergers and acquisitions”

Online Travel

Despegar to Be Acquired by Prosus for $1.7 Billion

Years ago, it appeared as though Expedia Group would be a likely buyer of Despegar since Expedia had taken a significant minority stake in the company. But Expedia backed away, and now Prosus is claiming the prize.
Hotels

Soho House Draws Buyout Offer – at an 80+% Premium

All signs point to the buyout offer being okayed, given that it has support of Soho House's largest shareholder, Ron Burkle, and that it values the company at an 83% premium to its most recent market closing price.
Hotels

Lark Hotels and Life House Team Up to Manage Lifestyle Properties

The thing about small lifestyle hotels is that they're supposed to be unique and special. But a new joint venture called Lark Hospitality claims it can help run these properties lucratively for owners by applying some best practices at scale.
Hotels

Small Players Backed by PE Thrive in Travel Tech’s M&A Surge

2025 is expected to be a banner year for travel tech M&A. Add-on acquisitions, particularly of companies with $5M-$50M ARR, are poised to set new records as platforms scale up and prepare for IPOs or acquisition by mega-cap firms.