How Priceline’s Acquisition Affects the Online Travel Industry
After the unconventional acquisition of Opentable, Momondo was a logical addition as it adds to the travel database of Kayak’s existing portfolio.
Year-to-date through February 23, 2017, Priceline (PCLN) stock has risen 11.7%, outperforming rivals Expedia and TripAdvisor (TRIP).
With its metasearch brands—Kayak, Momondo, and Skyscanner (through Ctrip)—Priceline seems to have a larger share of the pie, leaving little on the table when Expedia goes shopping.
Momondo is estimated to have generated $125 million in revenues for the last 12 months, which means a price-to-sales multiple of 4.4x.
Earlier this month, the Priceline Group (PCLN) signed a deal to acquire Momondo Group. Priceline will acquire all outstanding shares of Momondo for $550 million in an all-cash deal.
Verizon (VZ) is close to a revised deal to buy Yahoo’s core Internet business for about $300 million less than the original price of $4.8 billion.
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The potential acquisition of Charter Communications (CHTR) could be seen as another attempt by Verizon (VZ) to pursue revenue growth outside its traditional carrier business.
According to a January 26, 2017, Reuters report citing unknown sources, Verizon could be more interested in acquiring Charter Communications (CHTR) than Comcast
Verizon’s (VZ) progress in the 5G space continues. The company believes that it will be the first major US carrier to deploy 5G technology on its network.
According to a report from The Wall Street Journal, Verizon’s CEO has approached Charter Communications to discuss a possible merger.
On February 8, 2017, Time Warner reported 4Q16 earnings that beat analysts’ expectations.
AT&T believes that, despite hurdles, it will successfully complete its acquisition of Time Warner by the end of calendar 2017.
In a recent development, Google, the most profitable Alphabet branch, said it was acquiring a little-known unit of Twitter (TWTR) called Fabric.
ADI’s biggest deal has been the acquisition of Linear Technology (LLTC).
Parsley Energy’s (PE) latest acquisition news came after markets closed on February 7, 2017.
On January 10, 2017, Parsley Energy (PE) announced a $607 million acquisition in the Midland and Delaware basins of the Permian Basin.