TRAVELSCENE has failed in its bid to acquire an undisclosed short-breaks operator after both sides could not agree on an asking price.
Managing director Jo Monfort said the company was returning to the drawing board with a search for a new target.
“We were fairly close to completing the deal, so it is very frustrating to see the talks collapse,” said Monfort.
Industry observers say Travelscene is keen to double its size in order to make it more marketable for a future sale.
The company has been the subject of acquisition talks for some time.