Lindblad Expeditions (LIND) Acquires 60% of White Desert for $61M

Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) announced on September 15 that it acquired 60% of White Desert Antarctica for approximately $61 million in cash, plus about $6 million related to acquired cash. This acquisition expands Lindblad's portfolio, moving beyond expedition cruises. The company also raised its 2026 tour-revenue guidance to a range of $850 million to $880 million, up from $830 million to $860 million. For investors, the financial impact will depend on generating profitable departures and additional bookings from this acquisition.

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