Articles tagged “mergers and acquisitions”

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

Sean O'Neill, Skift

This is now the third "blank check" company in three months to say it will buy and invest in travel companies. The sudden spike in such financial innovation underscores investor faith that the travel sector offers many bargains and promising opportunities right now.

2 weeks ago

Selina Nabs Remote Year in Bet on Subscription Travel for Digital Nomads

Selina Nabs Remote Year in Bet on Subscription Travel for Digital Nomads

Sean O'Neill, Skift

This deal between the lodging brand and the co-working program could not have come at a better time. Selina has the real estate that Remote Year needed to be cost-effective, and Remote Year has the digital nomads Selina could use to drive its growth.

3 weeks ago

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.

1 month 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.

1 month 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.

2 months 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.

2 months 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.

2 months 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.

2 months 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.

4 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.

4 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