USA buy outs :: Travel Weekly - The National Newspaper of the Travel Industry ::An affiliate of leisure travel conglomerate the Travel Corp. purchased river cruise operator Uniworld for an undisclosed sum.
Uniworld will continue to operate as an “independent and autonomous” company, according to a Travel Corp statement.
The deal confirms rumors afloat in the industry for weeks that the Travel Corp. -- parent company of tour operators such as Trafalgar Tours, Insight Vacations and Contiki Holidays -- would acquire Encino, Calif.-based Uniworld.
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