Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion.
The travel company is seeking franchise partners in the metropolitan and surrounding areas of New York, Orlando, Los Angeles, San Francisco, Atlanta, and Seattle. Within easy driving distance of cruise departure ports, these cities have demographics that provide the ideal foundation for a new travel franchise.
Travelzoo Inc. (NASDAQ:TZOO) yesterday announced that on August 20, 2015 it acquired the Travelzoo Asia Pacific business (APAC), which includes the Travelzoo® businesses in Australia, China, Hong Kong, Japan, Taiwan, and Southeast Asia.
MTT provides an industry-leading mobile travel platform and product set that allows airlines, hotels, corporate travel management companies and travel agencies to engage with their customers through sophisticated, tailored mobile services including apps, mobile web and intelligent mobile messaging.
Fox Rent-A-Car, the fourth largest car rental agency in the US continues the expansion of their International business with seven (7) new locations that are now open for reservations or opening soon in the United Kingdom.
Advantage Rent A Car, the fourth largest rental car company in the U.S. owned by The Catalyst Capital Group Inc., a leading private equity firm with over $5 Billion in assets under management, announces that it has completed its purchase of E-Z Rent-A-Car Group Holding, LLC , a leader in value-priced car rental services.
Flight Centre Travel Group (FCTG) has signed a preliminary agreement to acquire Mexico City-based Koch Overseas de Mexico, a corporate travel management business with a rich history in the country dating back to 1950. The deal is expected to be finalized by in the coming months, upon ratification by the FCTG board.