A consortium that includes Siris Capital Group and Elliott Management are in late-stage talks to acquire Travelport, Reuters reported Thursday, citing unnamed sources.
A majority of Travelport shareholders Friday gave the requisite go-ahead to the publicly traded company's proposed acquisition by a private equity partnership.
Ovation Travel Group has acquired London-based travel agency Chartwell Travel for an undisclosed sum, representing Ovation's first wholly owned location outside the U.S., the company announced Monday.
Before American Express acquired chatbot builder Mezi, three travel management companies—Adelman Travel, Casto Travel and WTMC—had partnered with the tech startup for their own message-based offerings. Five months after the payment company acquired it, Mezi has wound down work with TMCs.
American Express Global Business Travel expects to complete its acquisition of Hogg Robinson Group on July 19 after European Union regulators cleared the deal on Friday.
U.K.-based outsourced services company Capita revealed yesterday that it had "received an unsolicited offer for its travel businesses from Corporate Travel Management Limited."
Sabre expects its $360 million acquisition of Farelogix to close in the "mid part of the year," later than expected, as the U.S. Department of Justice takes a deeper look at the proposed transaction, Sabre president and CEO Sean Menke said Tuesday during the company's fourth-quarter financial results call.