Amadeus has agreed to acquire TravelClick for $1.52B [Seeking Alpha]
ACXIOM (ACXM)
Last acxiom earnings: 8/9 04:05 pm
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Source: Seeking Alpha
Amadeus ( OTCPK:AMADF ) has agreed to acquire TravelClick from Thoma Bravo for $1.52B. This deal will significantly expand Amadeus’ presence in the hospitality sector. Addition of TravelClick’s cloud-based solutions for mid-chain and independent hotels will enable Amadeus to reach all segments of the market with an en-hanced portfolio. Amadeus and Thoma Bravo expect to close the acquisition in Q4 2018, following regulatory approvals. The transaction will be debt-financed and immediately earnings accretive. Click to subscribe to real-time analytics on AMADF Now read: Acxiom Corporation 2019 Q1 - Results - Earnings Call Slides » Subscribe for full text news in your inbox
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