Sean O'Neill, Skift
The joke goes that the only people who make money in mergers are the lawyers and the bankers. If litigation continues over Sabre's acquisition of Farelogix, the lawyers may be laughing all the way to the bank.
7 days ago
Dennis Schaal, Skift
Expedia Group doesn't intend to hoard piles of cash for a rainy day. The company purports to favor share repurchases over acquisitions, all things being equal, but if a rainmaker of a deal comes along, then Expedia may pounce.
2 weeks ago
Natalie Wong and Gillian Tan, Bloomberg
Talks to buy majority stake in the assets of Oxford Fairmont, which owns four iconic Fairmont properties, are ongoing, sources said. A potential deal would be a coup for GIC if it values the Canadian hotels at about $1.5 billion ($2 billion Canadian).
2 weeks ago
Sean O'Neill, Skift
Sabre had tried the unorthodox legal tactic of pursuing its $360 million acquisition of Farelogix, an airline tech vendor, without waiting for approval from U.S. antitrust watchdogs. But it apparently didn't count on federal attorneys claiming they have text messages between Sabre executives acknowledging the anti-competitive nature of the deal.
4 weeks ago
Sean O'Neill, Skift
The short-term goal of the deals is to win more work from hotel management companies. The long-term goal is to sell the combined portfolio. We look at the merits of Accel-KKR-owned Cendyn's acquisition of Rainmaker. We also look at potential acquisition targets.
1 month ago
Sean O'Neill, Skift
The travel technology giant said Wednesday it would go ahead with its planned $360 million acquisition on August 21. If the U.S. federal attorneys aren't happy about it, they can sue, Sabre said. No travel tech company has used, and threatened in public to use, its lawyers as much as Sabre in the past decade.
1 month ago
Sean O'Neill, Skift
Since 2016, Shiji has spent $141 million on acquisitions and investments across 10 tech companies outside of China, according to our review of its financial filings. Yet we still don't grasp the overseas strategy of the hospitality tech group.
1 month ago
Bloomberg
What are hotel portfolios to the Blackstone Group if not mere commodities to be bought, sold, and reacquired. The real estate giant has done this several times before, and may do it again with the Anbang portfolio unless another bidder prevails.
3 months ago
Raini Hamdi, Skift
Langham has expanded in North America, China, and Australia, but not in Europe, where its acquisition of The Langham, London, gave it the brand. A new wave of development earmarks Europe as a priority, and the company wants to enter the resort space as well. But before all that can happen, it needs to further raise brand awareness.
3 months ago
Sean O'Neill, Skift
RateGain, a travel tech company backed by private equity, said it has begun a roll-up of hotel tech vendors. It joins a party led by Shiji, Amadeus, Accel-KKR-backed Travel Tripper, Sabre, and Jonas Software.
3 months ago
Richard Holmes, Skift
Travelstart is taking a logical next step in expanding from its core leisure travel business into corporate travel through an acquisition.
3 months ago
Brian Sumers, Skift
Thirteen years is a long time to stay at one corporation. Perhaps JetBlue needs some fresh blood. Or maybe Chief Commericial Officer Marty St. George just wants a change of pace.
4 months ago
