Wego has made a strategic investment in Indonesian startup Valadoo in a bid to consolidate its position in the country and expand the travel deal site elsewhere.
Terms of the deal were not disclosed, but Wego co-founder and chief commercial officers Craig Hewitt says it it a “considerable investment to give Wego a significant equity position”.
Valadoo will maintain majority ownership of the brand, but Hewitt and CEO Ross Veitch will join its board of commissioners and Wego managing director in Indonesia Graham Hills will sit as one its directors.
Read full story at: http://www.tnooz.com/2012/05/28/news/wego-buys-into-valadoo-social-led-deal-site/
