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Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

By Sean O’Neill, Skift

Adobe

A sign on Wall Street in New York City’s financial district. Thayer Ventures, a venture-capital firm, plans to raise up to $175 million in an initial public offering for a company investing in travel businesses. Adobe

Skift Take: This is now the third “blank check” company in three months to say it will buy and invest in travel companies. The sudden spike in such financial innovation underscores investor faith that the travel sector offers many bargains and promising opportunities right now.

— Sean O’Neill

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