TechCrunch reported on a fascinating startup in April, a new take on vacation rentals called HouseTrip. The news back then was about the Swiss startup’s $2.7 million in funding from Index Ventures, but today it looks as if the company is spending the money wisely. Let’s take a look under the hood of what my old friend Steve O’Hear called; “another play in the holiday apartments space.”
Opodo Deal Worth Over Half a Billion
Just about every news outlet in Europe is all a buzz about private equity firm Axa, and Permira headed for a deal to buy Amadeus’ Opodo. The OTA started in Germany in 2001, if the deal goes through as suggested, will be worth between $500 and $700 million. An unnamed source at Amadeus IT Holding SA told Reuters the sketch details of the negotiations.