Latin American online travel provider Despegar.com Corp on Tuesday filed to raise up to $100 million in an initial public offering on the New York Stock Exchange. The company, which applied to be listed under the symbol...
SoftBank’s Uber deal may put rival Ola in an awkward spot
A proposed investment by SoftBank Group Corp. in cab-hailing service Uber Technologies Inc. may put rival Ola (ANI Technologies Ltd) in an awkward spot as its largest shareholder and only strategic investor would then...
EU approves Priceline’s acquisition of Momondo
EU antitrust regulators approved on Monday U.S. online travel company Priceline’s planned acquisition of Momondo Group without conditions. The European Commission said it had concluded that the two...
Uber backers said to discuss stock sale to SoftBank, others
Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to SoftBank Group Corp. and other potential investors, people familiar with the matter said...
Uber hands over Russia biz to Yandex with $3.7-bn merger
The San Francisco-based company and Yandex NV are merging their ride-hailing businesses in Russia. Uber will invest $225 million and take a 36.6 percent stake in a new, yet-to-be-named venture that will be valued at $3...
V Resorts raises $4 million from Seedfund, RB International
Resort management company V Resorts on Monday said it has raised $ 4 million in a fresh round of funding from venture funds Seedfund and RB International. “V Resorts has recently raised $ 4 million in its third round of...
Mahindra Holidays plans US acquisition
Vacation ownership company Mahindra Holidays and Resorts is assessing acquisition targets at Orlando and Las Vegas in the US in its effort to make its portfolio more attractive to outbound Indian holiday makers...
Cox & Kings demerges forex biz, to launch NBFC for travel, student loans
Tour operator Cox & Kings has announced its plans to start a non-banking finance company (NBFC) to finance holiday travel and students studying abroad. The company board on Tuesday approved the demerger of its...
MakeMyTrip raises $330 million from Ctrip.com, Naspers, others
Online travel company MakeMyTrip Ltd has raised $330 million in fresh funds from existing investors Ctrip.com International Ltd and Naspers Ltd and a clutch of undisclosed investors in a move that will help it counter...
Mahindra Holidays buys 3.22% in HCR for 2.16 million euros
Mahindra Holidays & Resorts India Ltd (MHRIL) has acquired an additional 3.22 percent stake in Finland-based Holiday Club Resorts Oy (HCR) for 2.16 million euros (over Rs 14.5 crore). The Mahindra group company...
TA Associates, Fairfax top two contenders for stake in travel firm Interglobe Technology Quotient
Boston-headquartered private equity firm TA Associates and Prem Watsa’s Fairfax Holdings have emerged as the top two contenders to buy an estimated $200 million stake in billionaire Rahul Bhatia-controlled...
TUI sells Travelopia to KKR in $407 million deal
Travel group TUI (TUIT.L) said it had agreed to sell its specialist holiday arm Travelopia to KKR (KKR.N) at an enterprise value of 325 million pounds ($407 million). TUI had put Travelopia, comprised of over 50 brands...
