One of the best M&A deals in history: Acquisition of Booking.com This is quite a well-known story, but the specific efficiency numbers of the deal are incredibly impressive. In 2005, Priceline acquired Booking.com for $133M. Today, this platform is valued at $130 billion. During this time, the shares have grown 178 times, and revenue has increased 22 times. Booking.com has become virtually a monopoly in most online travel booking markets. In 2018, Priceline renamed itself to Booking Holdings, adopting the name of the acquired asset. The deal is considered one of the most successful in internet history, demonstrating how one successful acquisition can completely change the fate of a company (and in turn, an entire industry). #MergersAndAcquisitions #Booking #BusinessSuccess
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Just because two things are tagentially related, doesn't mean they should go together. That's the thought process I have when thinking about #uber potentially acquiring #expedia. Yes, Dara Khosrowshahi has been the leader of both companies which likely gives him some familiarity. Sure, transit via car plays some role in the concept of travel. But we're talking about two very different business models with a lot of complexity on each side. Would the consumer (traveler or commuter) actually see an improved experience with this type of merger? https://lnkd.in/gaCi9MTC #travelnews #travelmarketing #ridesharing #onlinetravel #ota
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🚨 Could an Uber + Expedia Merger Transform Travel? 🚨 This potential merger could be a game-changer for travel. Uber’s daily engagement combined with Expedia’s vacation expertise could create a super app to handle everything from rides to booking trips—all in one place. Key reasons this could shake up the industry: 1️⃣ Uber fills Expedia’s gaps in user engagement, reducing marketing costs. 2️⃣ A single app to book rides, hotels, and travel—seamless logistics! 3️⃣ Data integration leads to personalized experiences. 4️⃣ Leadership synergy between Dara and Ariane. Could this redefine how we travel? 🌍 Read more: https://lnkd.in/gdii94aN
How an Uber-Expedia merger could redefine the travel experience
phocuswire.com
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🚨 Big news in the travel world! Uber is reportedly in talks to acquire Expedia’s vacation rental business. This could shake up the short-term rental industry in a major way! 🌍🚗 What do you think—game-changer or just another merger? 🤔 Read more here: https://lnkd.in/eWR6yQuQ Uber Expedia Group #shorttermrentals #vacationrentalnews #travelindustry #RentalManagement
Reports: Uber "explores" potential Expedia acquisition
https://shorttermrentalz.com
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🚀 𝗨𝗯𝗲𝗿'𝘀 𝗣𝘂𝘀𝗵 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗮 𝗦𝘂𝗽𝗲𝗿 𝗔𝗽𝗽: 𝗧𝗵𝗲 𝗘𝘅𝗽𝗲𝗱𝗶𝗮 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻🚀 Recent reports indicate that Uber is exploring a $20 billion acquisition of Expedia, aiming to create a seamless travel and mobility experience. This move aligns with Uber's ambition to become a "super app," integrating ride-hailing, food delivery, logistics, and travel booking services on a single platform. While the potential is exciting, several challenges could complicate this merger: 1️⃣ 𝗖𝗼𝗻𝗳𝗹𝗶𝗰𝘁 𝗼𝗳 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁: Uber's CEO, Dara Khosrowshahi, who previously led Expedia, still sits on Expedia’s board. This dual role raises potential conflict of interest issues and could lead to increased regulatory scrutiny. 2️⃣ 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗛𝘂𝗿𝗱𝗹𝗲𝘀: Authorities may closely examine the acquisition for competition concerns, especially given Khosrowshahi's unique position across both companies. 3️⃣ 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: Merging the companies’ distinct business models will require careful planning. Uber will need to find synergies between ride-hailing and travel bookings, which might not be as straightforward as it seems. 4️⃣ 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀: A $20 billion acquisition is a significant financial commitment. Uber's journey to profitability has been challenging, and this deal would place substantial pressure on its balance sheet. The deal is still in its early stages, but if it goes through, it could redefine the travel and mobility sectors. 📈🏨🚖 #MergersAndAcquisitions #SuperApp #InvestmentBanking #Uber #Expedia #CorporateStrategy #BusinessIntegration #TravelTech #StrategicInvestments #InvestmentBanking #CorporateStrategy #BusinessIntegration #TravelTech #Finance #HenleyBusinessSchool #UniversityOfReading
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Lots of consolidation in Hotel Saas. A combination of low valuation multiples? time for some VC’s to close some funds and exit their investments? Private equity having tons of cash to deploy? Maturing hospitality software market? Some companies loosing traction with founders and teams getting tired? All of the above? What’s the lesson for hoteliers? I’d say bet on the right tech companies… Ask about the company vision and strategy. Ask about the funding strategy / potential exit and question the roadmap. Anything I forgot?
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🚨 #YRTECH ACQUISITION ALERT 🚨 A Markham, York Region headquartered software company, Book4Time Inc., was recently acquired by Agilsys, a global software company operating across North America, Europe, the Middle East, Asia-Pacific, and India. Prior to the acquisition, Book4Time's software was already being used in more than 100 countries in a variety of hospitality-focused industry sectors. The growth of this local software-as-a-service company is an example of the growth potential tech companies have when establishing their operations in York Region, supported in part by the availability of top tech talent and a business environment full of opportunity in the Canadian and global market! https://lnkd.in/giEi9X2Z #Markham #YorkRegion #SAAS #Software #SoftwareAsAService #Acquisition #BusinessGrowth #GlobalGrowth #Opportunity #Canada #USA #Tech #Technology Roger Sholanki
American Hospitality Tech Firm Agilysys Acquires Markham Headquartered Book4Time for $204 Million | Toronto Area's York Region
yorklink.ca
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Hello fellow limo service enthusiasts. 👋 Today, let's address the common problem of double booking. From my own experiences as a client, I know firsthand how frustrating it can be. But here's the kicker: it's equally annoying for limo operators. Now, if you're not quite ready to invest in a reliable reservation system like LimoExpress (yeah, I said it), here are some helpful tips: 1. Get yourself a centralized calendar system(having all your bookings in one place can work wonders) 2. Keep a close eye on those bookings. Regular check-ins can help you spot any potential conflicts before they become full-blown disasters. 3. How about offering exclusive booking windows? Set aside specific time slots for certain types of bookings, ensuring you're never double-booked during peak hours. 4. Provide clear communication channels for clients to confirm bookings and make changes Feel free to share your tips in comments. #LimoExpress #Technology #SaaS #Innovation #TransferIndustry #Efficiency #Transportation
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After an impressive resurgence in 2023, Uber is strategically positioning itself for continued growth by contemplating a potential acquisition of Expedia. Over the past twelve months, Uber’s shares have surged by more than 80%, underscoring the company's robust market performance and investor confidence. This merger would significantly broaden Uber’s portfolio, encompassing a comprehensive range of services related to both tourism and transportation. If realized, Uber would transform into an all-encompassing platform, seamlessly integrating ride-hailing, accommodation bookings, and travel planning into a single "super app." Dan Ives, managing partner at Wedbush Securities, expressed optimism about the acquisition during a conversation with CNBC, describing it as a “major strategic home run” for Uber. This sentiment is further reinforced by the pivotal role of Dara Khosrowshahi, Uber’s CEO for the past seven years, who previously led Expedia from 2005 to 2017. Khosrowshahi’s intimate knowledge of Expedia’s operations and market dynamics is likely a key driver behind the potential acquisition, aligning with his vision to empower users with a versatile and comprehensive service offering. In various interviews, Khosrowshahi has emphasized his ambition to evolve Uber into a "super app" that caters to virtually every need within a city, enhancing convenience and user experience. * Uber’s shares have skyrocketed by over 80% in the past year, demonstrating strong financial performance. * The acquisition of Expedia would enable Uber to offer a unified platform for tourism and transportation services. This strategic move not only leverages Uber’s existing infrastructure and market presence but also capitalizes on Expedia’s established footprint in the travel industry. By merging their strengths, the combined entity could offer unparalleled convenience and value to consumers, setting a new standard in the integrated service landscape. As both companies navigate the complexities of this potential merger, stakeholders remain keenly observant of the transformative possibilities it holds for the future of mobility and travel. #UberExpansion #ExpediaAcquisition #SuperApp #TravelTech #Transportation #MarketGrowth #DaraKhosrowshahi #StrategicMerger #InvestmentNews #TechInnovation
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Mews said it crossed $100 million in annualized net revenue in the last year. It will use the funding to accelerate its global expansion, product growth and acquisition strategy. Learn more about Mews on #PhocusWire: https://bit.ly/3PtGKuz #travelnews #travelindustrynews #travelindustry #mews #hospitalityindustry
Mews raises $110M at $1.2B valuation
phocuswire.com
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