Travelzoo to be Acquired for $100M

Ticker: TZOO · Form: 8-K · Filed: Oct 28, 2025 · CIK: 1133311

Sentiment: bullish

Topics: acquisition, going-private, merger

TL;DR

Travelzoo going private! Searchlight buying for $9.75/share cash, deal expected Q1 2026.

AI Summary

Travelzoo announced on October 28, 2025, 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 $100 million, with shareholders set to receive $9.75 per share in cash. This acquisition is expected to close in the first quarter of 2026, subject to customary closing conditions.

Why It Matters

This acquisition by Searchlight Capital Partners will take Travelzoo private, potentially changing its strategic direction and operational focus away from public market scrutiny.

Risk Assessment

Risk Level: medium — The deal is subject to customary closing conditions, and there's always a risk of regulatory hurdles or financing issues preventing the acquisition from closing.

Key Numbers

Key Players & Entities

FAQ

Who is acquiring Travelzoo?

An affiliate of Searchlight Capital Partners, L.P. is acquiring Travelzoo.

What is the total value of the acquisition?

The acquisition is valued at approximately $100 million.

How much will shareholders receive per share?

Shareholders will receive $9.75 per share in cash.

When is the acquisition expected to close?

The transaction is expected to close in the first quarter of 2026.

What are the conditions for the deal to close?

The acquisition is subject to customary closing conditions.

Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2025-10-28 16:22:31

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 28, 2025 , Travelzoo (the "Company") reported its third quarter 2025 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: October 28, 2025 By: /s/ JEFF HOFFMAN Jeff Hoffman Financial Controller, North America EXHIBIT INDEX Exhibit Description 99.1 Press Release, dated October 28, 2025 . 99.2 Supplemental earnings presentation provided in connection with the third quarter 2025 earnings call of Travelzoo, dated October 28, 2025 .

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