New Acquisition for USA Networks

2nd Apr 2002

USA Networks, soon to be renamed USA Interactive, said it agreed to acquire U.K.-based TV Travel Group Ltd. for about $100 million in cash and stock.
TV Travel Group, a pioneer of the concept of dedicating TV channels to selling travel, has three channels in operation, two in the U.K. and one in Germany.

USA said the group`s current management will remain in place and is expected to oversee USA`s planned cable travel shopping network in this country. USA Networks also holds controlling interests in Expedia and Hotel Reservations Network.



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation