Skift Take
This is an example of why startup advisors say founders should avoid taking too much funding too quickly.
Culture Trip, the travel media company that raised roughly $155 million, sold its website and group tour business to the U.S. News & World Report.
Culture Trip has gone through several business initiatives. It most recently said it was focused on selling curated trips. It also had an app and said it had published thousands of destination guides and more than 90,000 pieces of travel content.
Terms of the acquisition were not disclosed.
The news is not a surprise. Culture Trip said last year that it was considering a full sale of the comp