acquisition

Hotels

Crown Resorts rejects Blackstone’s bid, but The Star’s merger offer still in play

by Huntley Mitchell

The bosses at Crown have given the private equity firm a big thumbs down for its acquisition proposal.

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Hotels

The Star lobs merger offer at rival Crown to create $12bn tourism and entertainment giant

by Huntley Mitchell

The Star faces some competition, however, from a private equity firm that wants to take over Crown (which, FYI, has also just hired a new CEO).

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Aviation

IAG negotiates half-price deal for Air Europa

The aviation behemoth has turned into a bargain hunter amid the COVID-19 pandemic and realised that $1.6 billion is probably too much to pay for an airline right now.

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Travel Agents

CTM boss in legal stoush with Brisbane City Council over $20 million property plan

Jamie Pherous has become entangled in a legal battle with the council over a swimming pool he wants to build at his new property on Brisbane River.

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Technology

Travello doubles down on youth market with acquisition of local OTA

The Brisbane-based travel platform is looking a lot more youthful. However, that’s not to suggest its staff have all had a facelift.

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Travel Agents

Corporate Travel Management raises remaining $113m needed for US acquisition

Were you one of those who snapped up some new shares in CTM? Well, give yourself a pat on the back for your role in this achievement.

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Technology

Amex GBT enhances tech offering with new acquisition

The business travel behemoth has grown even bigger with this techy acquisition.

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Travel Agents

Corporate Travel Management raises $262m to help fund US acquisition

Much to the delight of CTM’s executives, investors have wasted no time snapping up newly-offered shares in the company.

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Travel Agents

Corporate Travel Management emerges from trading halt with big acquisition

Jamie Pherous has reason to smile after CTM announced it has caught a very big fish.

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Technology

Flight Centre snaps up AI-based travel platform

The travel giant has gone shopping and found itself a San Francisco-based travel platform that specialises in personalisation through artificial intelligence.

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Tourism

FINALLY! Village Roadshow agrees to takeover deal with failed Virgin bidder

by Huntley Mitchell

It’s not quite on the same scale as Virgin, but BGH Capital has still managed to snag a distressed travel company.

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Technology

Farelogix snapped up by another travel tech player, after Sabre abandons acquisition plan

The future of Farelogix can finally be put to bed, so you could say this story is Travel Weekly tucking it in and giving it a goodnight kiss.

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