JetBlue Airways CorporationNASDAQ
Mon, Apr. 4, 6:42 AM
- Alaska Air (NYSE:ALK) has agreed to pay $2.6B for Virgin America (NASDAQ:VA), beating rival JetBlue's (NASDAQ:JBLU) bid (and leapfrogging the carrier) to become the fifth-largest U.S. airline by traffic.
- Alaska's offer of $57 per share in cash represents a premium of about 47% to Virgin's Friday's close, and will allow it to heavily expand its presence on the U.S. West Coast.
- Virgin America is 54% owned by Richard Branson's Virgin Group and New York-based Cyrus Capital Partners.
- VA +36.3% premarket
Sat, Apr. 2, 3:01 PM
- Sources say Alaska Air (NYSE:ALK) has emerged as the likely winner of an auction for Virgin America (NASDAQ:VA), which is 54% owned by Richard Branson’s Virgin Group Ltd. and New York-based Cyrus Capital Partners LP.
- Alaska Air is expected to pay more than $2B for Virgin America. VA's current market cap is $1.47B, having surged due to recent news that the company was in play.
- A win by Alaska would be JetBlue's (NASDAQ:JBLU) loss; reports have JetBlue courting Virgin as well.
- Now read The 3rd Possibility For Virgin America That No One Is Talking About »
Mon, Mar. 28, 3:08 PM
- Virgin America (NASDAQ:VA) received buyout offers from JetBlue (JBLU +3%) and Alaska Air Group (ALK +1.2%), sources tip Bloomberg.
- The company is still talking to both of the bidders.
- A deal announcement could come as soon as next week.
- VA is up 9.47% to $37.40 off the latest devlopment. Some airline sector watchers think it would take an offer in the $40s to win Virgin.
- Previously: Virgin America flies higher amid buyout talk (March 28)
Mar. 13, 2014, 6:49 AM
- JetBlue (JBLU) announces it will sell LiveTV to Thales Group for $400M.
- The sale of the wholly owned subsidiary is expected to be completed by the middle of the year.
- LiveTV provides in-flight entertainment and connectivity systems to the airline industry.