Red Ventures completed the acquisition of Lonely Planet.

Red Ventures completed the acquisition of Lonely Planet, a global travel media company and the travel guidebook brand. Financial terms were not disclosed. "While the travel industry is experiencing an unprecedented downturn, we believe it will come back stronger than ever, and no brand represents the magic of the modern explorer better than Lonely Planet. By joining our travel portfolio, Lonely Planet positions us to revolutionize the consumer journey for travelers, helping more people discover and decide where they'll go, how they'll get there, and what to do when they arrive," Ric Elias, Red Ventures Co-founder and CEO.