AcquisitionBusinessStartups

Hostelworld Expands Social Travel Strategy with $12M Acquisition of Event Platform

Dublin-based travel platform Hostelworld has reportedly acquired US event discovery service OccasionGenius in a $12 million deal. The acquisition aims to accelerate Hostelworld’s social monetization strategy by integrating comprehensive event content into its platform.

Strategic Acquisition in Social Travel Sector

Dublin-based travel platform Hostelworld has reportedly acquired OccasionGenius, a US-based B2B event discovery platform, for $12 million according to recent announcements. Sources indicate this strategic move is designed to support Hostelworld’s social monetization strategy and position the company as an integrated social travel platform.

BusinessFinance

Major UK Asset Managers Royal London and M&G Expand Into European Active ETF Arena

Royal London Asset Management and M&G are reportedly preparing to enter Europe’s rapidly expanding active ETF market. The move comes as assets in European active ETFs have grown nearly sevenfold since 2019, according to recent analysis.

UK Fund Giants Enter Active ETF Space

Two of the United Kingdom’s largest asset management firms, Royal London Asset Management and M&G, are reportedly planning significant entries into Europe’s active exchange-traded fund market, according to recent reports. Sources indicate this strategic shift comes as the sector experiences explosive growth while traditional mutual funds face increasing fee pressure from investors.