British travel operator Thomas Cook Group said on Wednesday it had agreed the main terms of a rescue package that will see China’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire...
Japan’s H.I.S. says pulls bid for control of Unizo
Japanese travel agent H.I.S. Co said on Saturday it is abandoning its bid for control of Unizo Holdings, buckling in the face of a ‘white knight’ offer from SoftBank’s investment firm for the entirety of the hotel chain...
Ebix, MakeMyTrip in race for Cox & Kings
US-based Ebix Inc and India-headquartered MakeMyTrip Ltd have joined the race to acquire cash-strapped travel company Cox & Kings Ltd, two people familiar with the development told ET. The online businesses are...
China’s Fosun in talks to inject $940 million into Britain’s Thomas Cook
China’s Fosun Tourism Group (1992.HK) said on Friday it is in advanced talks with Thomas Cook Group PLC’s (TCG.L) lending banks to inject 750 million pounds ($940 million) into the London-listed travel operator. Under...
Fosun Tourism in talks to buy Thomas Cook’s tour operating business: Sky News
Hong Kong-based Fosun Tourism is in talks to buy Thomas Cook’s tour operating business, Sky News reported on Saturday, as the British group faces breakup after issuing three profit warnings in the past year. Thomas...
OYO to buy Amsterdam-based vacation rental company @Leisure for Rs 2,880 cr
In one of the biggest acquisition of a foreign firm done by an Indian unicorn, Oyo is set to acquire Amsterdam-based vacation rental company @Leisure Group from Axel Springer at a little over Euro 369.5 million, or over...
MakeMyTrip acquires majority stake in corporate travel firm Quest2Travel
Online travel firm MakeMyTrip Tuesday said it has acquired a majority stake in Mumbai-based corporate travel management firm Quest2Travel.com for an undisclosed amount. Quest2Travel.com serves some of India’s well...
Uber buys rival Careem in $3.1 bn deal to dominate ride-hailing in West Asia
Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire West Asia rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late...
Ebix begins due diligence on Yatra, hopes to close acquisition by May
Nasdaq-listed Ebix Inc., a supplier of on-demand software and e-commerce services, said Tuesday it has made progress in its offer to acquire online travel portal Yatra Online Inc. and has commenced its due diligence...
Pickyourtrail raises funds from GoFrugal’s Kumar Vembu, others
Travel portal Pickyourtrail has raised $3 million in a Series A funding round, the company said on Monday. Participants in the funding round included Kumar Vembu, co-founder, GoFrugal, Shyam Sekhar, founder of iThought...
Thomas Cook might sell airline to raise cash, shares climb
Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group’s shares 12...
Thomas Cook India to acquire 24% stake in TravelJunkie Solutions
Travel services firm Thomas Cook India NSE -3.96 % Friday said its board has given nod for the acquisition of a 24 per cent stake in Mumbai-based travel tech start-up ‘TravelJunkie Solutions’ by its arm TC...
