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SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion - TL;DR CNBC

SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion

Publishing timestamp: 2024-06-18 02:29:01


Summary

TravelPerk acquires AmTrav to expand in the U.S. market, raises $135 million in debt financing from Blackstone and Blue Owl. The deal is expected to make the U.S. TravelPerk's biggest revenue-generating region by 2026.


Sentiment: POSITIVE

Tickers: 9984.T-JP

Keywords: softbank group corptechnologybusiness newsbreaking news: technology

Source: https://www.cnbc.com/2024/06/18/travelperk-acquires-us-rival-amtrav-bags-135-million-for-expansion.html


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