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Articles tagged “mergers and acquisitions”

Mergers and Acquisitions

Expedia Group’s Conundrum: Acquisitions or Share Repurchases?

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.

Expedia Group’s Conundrum: Acquisitions or Share Repurchases?

Airlines

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

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.

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

Hotels

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

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.

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

Airlines

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

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.

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

Online Travel

Shiji’s Hotel Tech Acquisition Spree: A Closer Look

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.

Shiji’s Hotel Tech Acquisition Spree: A Closer Look

Hotels

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

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.

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

Online Travel

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

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.

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

Mergers and Acquisitions

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

Travelstart is taking a logical next step in expanding from its core leisure travel business into corporate travel through an acquisition.

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

Airlines

JetBlue Senior Executive Marty St. George Is Leaving the Airline

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.

JetBlue Senior Executive Marty St. George Is Leaving the Airline

Hotels

GuestReady Acquires BnbLord in European Vacation Rental Rollup

Vacasa, Evolve, and other startups have stormed the U.S. vacation rental market by offering tech-savvy property management services. The business model is now about to sweep Europe, too.

GuestReady Acquires BnbLord in European Vacation Rental Rollup