Wed, Aug. 26, 7:10 PM
- 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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Travelzoo Inc. is an Internet media company, which informs over 27 million subscribers, as well as millions of Web site users, about the travel and entertainment deals available from thousands of Companies.
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