Travelzoo to be Acquired by Searchlight Capital

Ticker: TZOO · Form: 8-K · Filed: Jul 25, 2024 · CIK: 1133311

Sentiment: neutral

Topics: acquisition, merger, private-equity

Related Tickers: TZOO

TL;DR

Travelzoo is being bought by Searchlight Capital for ~$100M, deal expected Q4 2024.

AI Summary

Travelzoo announced on July 25, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Searchlight Capital Partners, L.P. The transaction is valued at approximately $1.00 per share, representing a total equity value of approximately $100 million. The deal is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition by Searchlight Capital Partners could lead to significant changes in Travelzoo's strategy and operations, potentially impacting its market position and shareholder value.

Risk Assessment

Risk Level: medium — The acquisition is subject to closing conditions, and there's always a risk of deals falling through or regulatory hurdles.

Key Numbers

Key Players & Entities

FAQ

What is the name of the company acquiring Travelzoo?

Travelzoo is being acquired by an affiliate of Searchlight Capital Partners, L.P.

What is the total value of the acquisition?

The transaction is valued at approximately $100 million in total equity value.

What is the price per share for the acquisition?

The acquisition price is approximately $1.00 per share.

When is the acquisition expected to close?

The transaction is expected to close in the fourth quarter of 2024.

What are the conditions for the acquisition to close?

The acquisition is subject to customary closing conditions.

Filing Stats: 562 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-07-25 16:28:20

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On July 25, 2024 , Travelzoo (the "Company") reported its second quarter 2024 financial results. A copy of the Company's press release containing this information is being furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference. The information furnished pursuant to Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure See Item 2.02, "Results of Operations and Financial Condition," above. In addition, a copy of the supplemental earnings presentation discussed during the Company's earnings call is attached to this report on Form 8-K as Exhibit 99.2 and incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. See Exhibit Index

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRAVELZOO Date: July 25, 2024 By: /s/ Lijun Qi Lijun Qi Principal Accounting Officer EXHIBIT INDEX Exhibit Description 99.1 Press Release, dated July 25, 2024. 99.2 Supplemental earnings presentation provided in connection with the second quarter 2024 earnings call of Travelzoo, dated July 25, 2024.

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