acquisition

Hotels

Blackstone comes back to Crown Resorts with sweetened takeover bid

Blackstone is keen to wear the Crown, and is prepared to stump up a bit more cash than it initially put on the table.

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Wholesalers

Intrepid snares majority stake in New Zealand’s Haka Tours and ANZ Nature Tours

The global travel B Corp has kicked off its future growth plans with a 60 per cent slice of not one, but two touring brands.

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Tourism

Experience Co to fork out nearly $50m for zipline operator

Experience Co boss John O’Sullivan is off to get a new cheque book after signing off on the company’s third major purchase for the year.

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Aviation

Sydney Airport turns down $22bn takeover offer

The airport’s board has given the takeover offer a hard pass, but Travel Weekly will happily be acquired for $22 million!

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Aviation

Sydney Airport receives $22bn takeover offer

A multi-billion-dollar bid has been lobbed at Australia’s largest airport, meaning its board members and bean counters have a busy week ahead.

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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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