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Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Widely divergent payment methods around the world provide an opportunity for disruption. Wex informed Travelport that it wants to back out of its agreement to buy eNett and Optal. Grab Skift Take: It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It’s […]

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Thayer Ventures Closes $80 Million Fund to Back Travel Startups

Chris Hemmeter, managing director of Thayer Ventures, talked at Skift Tech Forum in June 2018. Skift Skift Take: Expect investments in travel startups to hit their lowest levels in total amounts since the global financial crisis a decade ago. But when less capital is chasing deals, persistent venture capital firms may have a better shot […]

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Future of movie theaters post covid

Earlier this week, Disney CEO Bob Chapek confirmed that the highly anticipated theatrical release of the live-action remake of Mulan would move ahead as planned on July 24. Spirits bolstered by solid ticket sales at the newly reopened Disney park in Shanghai, Chapek told CNBC, “We very much believe in the value of the theatrical […]

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LA County stay-at-home orders

Life in Los Angeles will not be returning to normal any time soon, according to County Public Health Commissioner Barbara Ferrer. The city’s stay-at-home orders will “with all certainty” be extended through July, she said at a Board of Supervisors meeting on Tuesday, according to a report in the Los Angeles Times. While other parts […]