Articles tagged “mergers and acquisitions”

Expedia Had a Less-Is-More Approach to Mergers in 2018

Expedia Had a Less-Is-More Approach to Mergers in 2018

Dennis Schaal, Skift

Expedia is an opportunistic company, and mergers and acquisitions are part of its DNA. The company has been quiet on this front for the past three years. It is sort of due to make another big splash.

3 days ago

Alibaba-Backed Shiji Acquires IcePortal in a Bid to Manage Digital Hotel Content

Alibaba-Backed Shiji Acquires IcePortal in a Bid to Manage Digital Hotel Content

Sean O'Neill, Skift

Shiji, the tech conglomerate with an investment from Alibaba, continues to snap up companies in a bid for hotel tech supremacy. It has nabbed IcePortal in the wake of that company's arch-rival Leonardo being snatched up last November by tech conglomerate Jonas.

4 days ago

InterContinental Hotels Makes Asia Luxury Push With Six Senses Acquisition

InterContinental Hotels Makes Asia Luxury Push With Six Senses Acquisition

Raini Hamdi, Skift

InterContinental Hotel Group’s purchase of Six Senses Hotels Resorts Spas is consistent with its drive to boost its luxury portfolio with small yet well-defined brands that do not cannibalize one another. So smart.

5 days ago

Former Silversea Owner Takes Control of Abercrombie & Kent

Former Silversea Owner Takes Control of Abercrombie & Kent

Patrick Whyte, Skift

Mixing business with friendship can be a risky thing but it sounds like the prospective new owners of Abercrombie & Kent share the same views on luxury travel.

6 days ago

Delta Wants an EasyJet Partnership in Bid for Alitalia

Delta Wants an EasyJet Partnership in Bid for Alitalia

John Follain, Bloomberg

The details on Delta's quest for a partnership with rival bidder easyJet for bankrupt Alitalia are so sparse they are difficult to assess. But a decision on the fate of the bankrupt Italian carrier could be coming this week.

1 week ago

Travel Tripper Merges With Pegasus in Hotel Tech Rollup

Travel Tripper Merges With Pegasus in Hotel Tech Rollup

Sean O'Neill, Skift

Travel Tripper is taking on a distressed asset, Pegasus. Meh. But what's interesting is that Accel-KKR is backing the deal. The support by the private equity firm is yet another sign of more rollups of hotel tech companies to come against a backdrop of hotel software investments by Amadeus, Sabre, and Shiji.

2 weeks ago

Philippines Could See Japanese Tourism Boost From This All Nippon Airways Deal

Philippines Could See Japanese Tourism Boost From This All Nippon Airways Deal

Maria Stella F.Arnaldo, Skift

A much improved PAL catches the eye of ANA, which aims to expand in Asia. The Philippine industry hopes it will greatly improve the slower growth in arrivals being seen from Japan.

3 weeks ago

The Inside Story of an Activist Investor’s Fight for Travelport

The Inside Story of an Activist Investor’s Fight for Travelport

Sean O'Neill, Skift

Few companies other than activist investor Elliott Management expressed a serious interest in acquiring Travelport. Elliott twice lost potential private equity partners after they reviewed Travelport's books. The deal price is underwhelming, and that's a signal that some things haven't been going the company's way.

3 weeks ago

Private Equity Takes Over Switchfly in a Bet on Travel Loyalty Tech

Private Equity Takes Over Switchfly in a Bet on Travel Loyalty Tech

Sean O'Neill, Skift

Switchfly, a travel tech firm specializing in loyalty and e-commerce upselling, has been taken over by private equity firms Golub Capital and L Capital.

3 weeks ago

Airbnb Talked to HotelTonight About an Acquisition But Would It Make Sense?

Airbnb Talked to HotelTonight About an Acquisition But Would It Make Sense?

Dennis Schaal, Skift

Is Airbnb flailing at a way to build an expansion narrative ahead of an initial public offering? Buying HotelTonight would save some time and effort in making inroads with boutique hotels, but does Airbnb really need HotelTonight to do that? In travel, everyone is always talking to everyone so we're unsure how serious these informal talks ever were.

1 month ago

Virgin Atlantic Steps In to Save Flybe

Virgin Atlantic Steps In to Save Flybe

Patrick Whyte, Skift

It's good news for regional passengers who rely on Flybe's services, but Virgin Atlantic will have plenty of work to do to make sure it can make the most of a combined long-haul, short-haul operation.

1 month ago

Yatra Buys PL Worldways in India-Focused Corporate Travel Push

Yatra Buys PL Worldways in India-Focused Corporate Travel Push

Sean O'Neill, Skift

This tuck-in deal is minuscule, but it underscores Yatra's drive to maintain its position as India's largest online provider of travel booking tools for corporations. Yatra has the potential to build an "Egencia for India" over the course of five or 10 years.

1 month ago