Divestiture • Internet Software and Services

Castles Travel Acquires OTravel.com

On April 25, 2007, Castles Travel acquired internet software and services company OTravel.com from Overstock.com for 17M USD

Acquisition Context
  • This is Castles Travel’s 1st transaction in the Internet Software and Services sector.
  • This is Castles Travel’s largest (disclosed) transaction.
  • This is Castles Travel’s 1st transaction in the United States.
  • This is Castles Travel’s 1st transaction in Utah.

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M&A Deal Summary

Date April 25, 2007
Target OTravel.com
Sector Internet Software and Services
Buyer(s) Castles Travel
Sellers(s) Overstock.com
Deal Type Divestiture
Deal Value 17M USD

Target Company

OTravel.com

Park City, Utah, United States
OTravel.com, Inc. is a on-line travel company specializing in customized lodging and vacation packages, primarily in popular ski areas in the U.S. and Canada.
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Buyer Overview 1

Buyer

Castles Travel

New York, New York, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Castles Travel Inc. is a provider of online travel agency which offers lodging and vacation packages.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: Utah 1 of 1
Country: United States 1 of 1
Year: 2007 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Overstock.com

Midvale, Utah, United States

Category Company
Founded 1997
Sector E-Commerce
Employees1,750
Revenue 1.4B USD (2024)
DESCRIPTION

Overstock.com is an online "closeout" retailer offering discount brand-name merchandise for sale over the Internet. Overstock.com was founded in 1997 and is based in Midvale, Utah.


Deal Context for Seller #
Overall 1 of 2
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: Utah 1 of 1
Country: United States 1 of 2
Year: 2007 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-02 Ski West

Calgary, Alberta, Canada

Ski West is a rapidly growing, profitable on-line travel company whose proprietary technology provides easy consumer access to a large, fragmented, hard-to-find inventory of lodging, vacation, cruise and transportation bargains.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 SpeedRoute Technologies

New York, United States

SpeedRoute Technologies LLC is a provider of technology services of broker-dealers the ability to cost effectively and intelligently navigate the U.S. Equity Markets.

Buy -