Saturday, April 2, 2016 9:25 pm
Alaska Air Group Inc is nearing a deal to acquire Virgin America Inc for more than $2 billion, having outbid JetBlue Airways Corp , a person familiar with the matter said on Saturday.
A deal could be announced as early as Monday, according to Reuters.
Earlier, The Wall Street Journal said Alaska Air had emerged as the likely winner of an auction for Virgin America, citing people familiar with the matter.
Alaska Air is expected to pay upwards of $2 billion for Virgin America, which currently has a market value of about $1.5 billion, following a surge sparked by recent news that the company was in play, it reported one of the people as saying