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Travelzoo buys Asia-Pac unit, adds two board members

Aug. 26, 2015 7:10 PM ETTravelzoo (TZOO) StockBy: Eric Jhonsa, SA News Editor6 Comments
  • Travelzoo (NASDAQ:TZOO) has acquired the "Travelzoo Asia Pacific Business," which operated independently under the Travelzoo brand, for a mixture of cash and a $5.7M promissory note.
  • The business had 2014 revenue of $10.8M, and operates in China, Japan, Hong Kong, Taiwan, Australia, and Southeast Asia. Travelzoo highlights the deal's potential to "tap into opportunities arising from the fast-growing number of Chinese outbound travelers."
  • The company also announces it has added Caroline Tsay, an HP software exec, and Beatrice Tarka, the founder/CEO of travel search engine Mobissimo, to its board.

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