Serious PE and M&A Activity
Quantas bought out by two private equity firms, Australia’s Macquarie Bank and America’s Texas Pacific Group for $US8.6 billion.
US Airways makes $8B bid to take out Delta Airlines.
Sabre agreed to be acquired by Silver Lake Partners and Texas Pacific Group in a $5 billion private-equity buyout.
Travelport, owned by private equity firm Blackstone Group, agreed to purchase Worldspan for $1.4 billion in cash. More than 750 travel suppliers, 63,000 travel agency locations and millions of consumers globally use travel distribution serves provided by the combined companies.
Other developments include AirTran making a bid for Midwest and a potential United-Continental tie-up (more at travelmole).
Also intesting to note, Expedia announced a $30M stock buy back recently and it's stock soared to July 2005 (IPO) levels - checkout this Expe Google Finance graph.
US Airways makes $8B bid to take out Delta Airlines.
Sabre agreed to be acquired by Silver Lake Partners and Texas Pacific Group in a $5 billion private-equity buyout.
Travelport, owned by private equity firm Blackstone Group, agreed to purchase Worldspan for $1.4 billion in cash. More than 750 travel suppliers, 63,000 travel agency locations and millions of consumers globally use travel distribution serves provided by the combined companies.
Other developments include AirTran making a bid for Midwest and a potential United-Continental tie-up (more at travelmole).
Also intesting to note, Expedia announced a $30M stock buy back recently and it's stock soared to July 2005 (IPO) levels - checkout this Expe Google Finance graph.
posted by Mike Fridgen at 10:05 PM
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