TBO to acquire US luxury travel firm Classic Vacations for $125 million

TBO, a Gurugram-based travel distribution company, has agreed to acquire Classic Vacations from The Najafi Companies for $125 million. This acquisition combines TBO’s technology platform with Classic Vacations’ luxury travel advisor network. Classic Vacations reported $111 million in revenue and $11.2 million in operating EBITDA for the fiscal year ending December 31, 2024.

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