Articles tagged “mergers and acquisitions”

Barry Diller Shares Pandemic Highs and Lows, Snapping Up MGM Resorts Stake While Rescuing Expedia With Debt

Barry Diller Shares Pandemic Highs and Lows, Snapping Up MGM Resorts Stake While Rescuing Expedia With Debt

Dennis Schaal, Skift

Both of Barry Diller's companies, IAC and Expedia, are now invested in a travel recovery, which he thinks will arrive in only a matter of time. Count Diller on the side of those who believe the new normal will resemble its former self more than many people imagine.

5 days ago

Mondee Buys Rocketrip in a Bullish Bet on Biz Travel Returning With Plans to Scale Rewards Programs

Mondee Buys Rocketrip in a Bullish Bet on Biz Travel Returning With Plans to Scale Rewards Programs

Sean O'Neill, Skift

Expect other travel tech players to pick up promising startups at a discount during the pandemic.

3 weeks ago

Meetings Booking Platform Backed by Hotel Giants Grows in Asia Via Acquisition

Meetings Booking Platform Backed by Hotel Giants Grows in Asia Via Acquisition

Sean O'Neill, Skift

Companies that raised money before the crisis are sailing through it. Look at Groups360, which got $50 million from Marriott International, IHG, Accor, and Hilton a year ago, and has grown since.

3 weeks ago

Intelsat Makes $400 Million Bid for Gogo’s In-Flight Wi-Fi Service From Bankruptcy

Intelsat Makes $400 Million Bid for Gogo’s In-Flight Wi-Fi Service From Bankruptcy

Sean O'Neill, Skift

New owner Intelsat will need to invest in Gogo's internet services. Airline customers like Delta are impatient with Gogo's capacity to meet their needs.

4 weeks ago

Group That Operates TWA Hotel Buys Chinese Tech Firm After President Trump’s National Security Order

Group That Operates TWA Hotel Buys Chinese Tech Firm After President Trump’s National Security Order

Sean O'Neill, Skift

This investment gives hotel tech firm StayNTouch a chance to regain its footing. It comes after six months of uncertainty due to the Trump Administration's forced sale.

4 weeks ago

What Would an IHG-Accor Merger Look Like Anyway?

What Would an IHG-Accor Merger Look Like Anyway?

Cameron Sperance, Skift

Another day, another rumor that Accor and IHG will combine forces. But even a successful merger is unlikely to send the hotel industry into a wave of consolidation due to so many other distressed deals expected during the pandemic recovery.

4 weeks ago

Gogo in Talks to Sell Its In-Flight Wi-Fi Business

Gogo in Talks to Sell Its In-Flight Wi-Fi Business

Sean O'Neill, Skift

Let's hope the deal talks will go faster than Wi-Fi aboard a plane.

2 months ago

Accelya to Buy Farelogix in Airline Tech Rollup

Accelya to Buy Farelogix in Airline Tech Rollup

Sean O'Neill, Skift

Vista, the investor behind this merger of airline tech vendors Accelya and Farelogix, is no private equity tourist. The firm has committed tens of billions to technology businesses, and it shows signs of having the wherewithal to grow Accelya into a long-term player in airline tech services.

3 months ago

The Travel Deals That Have Fallen Victim to the Pandemic

The Travel Deals That Have Fallen Victim to the Pandemic

Sean O'Neill and Dennis Schaal, Skift

Don't count your deals before they've hatched. Coronavirus has killed valuations of many companies, and deals along with them. On the other hand, some companies, such as Grubhub, are in the right place at the right time.

3 months ago

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Sean O'Neill, Skift

Despegar, Latin America's largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe.

4 months ago

Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

Ayanti Bera, Reuters

The crisis has caused several deals in the travel sector to come undone, such as an American Express GBT deal, Wex's bid to buy Enett, and Sabre's bid to buy Farelogix. But ever since software firm Ebix offered to buy corporate travel firm Yatra in July 2019, the two companies have been squabbling. So this news isn't surprising.

4 months ago

Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

Dennis Schaal, Skift

Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn't a core endeavor. That's especially true when you consider how Covid-19 has decimated demand for such properties in urban areas.

4 months ago