Articles tagged “mergers and acquisitions”

Sabre Tips Its Hand in Response to Antitrust Lawsuit Over Farelogix Merger

Sabre Tips Its Hand in Response to Antitrust Lawsuit Over Farelogix Merger

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

Expedia Group’s Conundrum: Acquisitions or Share Repurchases?

Expedia Group’s Conundrum: Acquisitions or Share Repurchases?

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

Singaporean Fund GIC May Take $1.5 Billion Stake in 4 Fairmont Hotels

Singaporean Fund GIC May Take $1.5 Billion Stake in 4 Fairmont Hotels

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

Texts Between Sabre Execs About Farelogix Deal Fuel U.S. Antitrust Lawsuit

Texts Between Sabre Execs About Farelogix Deal Fuel U.S. Antitrust Lawsuit

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

Private Equity Firm Accel-KKR’s Latest Fix: Hotel Enterprise Software

Private Equity Firm Accel-KKR’s Latest Fix: Hotel Enterprise Software

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

Sabre Dares U.S. Justice Department to Sue It Over Farelogix Deal

Sabre Dares U.S. Justice Department to Sue It Over Farelogix Deal

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

Shiji’s Hotel Tech Acquisition Spree: A Closer Look

Shiji’s Hotel Tech Acquisition Spree: A Closer Look

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

Blackstone May Repurchase Anbang Hotel Properties

Blackstone May Repurchase Anbang Hotel Properties

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

Hong Kong-Based Langham Is on the Prowl for Acquisitions in Europe

Hong Kong-Based Langham Is on the Prowl for Acquisitions in Europe

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

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

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

South Africa’s Travelstart to Buy Corporate Travel Agency Club Travel

South Africa’s Travelstart to Buy Corporate Travel Agency Club Travel

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

JetBlue Senior Executive Marty St. George Is Leaving the Airline

JetBlue Senior Executive Marty St. George Is Leaving the Airline

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