NEW DELHI / BENGALURU: MakeMyTrip and Ibibo have agreed to merge in a stock transaction, representing the coming together of India’s largest travel booking portals and presaging what many believe is an impending...
FCM Travel Solutions acquires Travel Tours Group
FCM Travel Solutions, the Indian arm of Australia-headquartered Flight Centre Travel Group, has acquired Travel Tours Group (TTG). The company said it was a cash and stock deal but did not disclose any financial details...
Mahindra Holidays to acquire 12% stake in Nreach
Mahindra Holidays & Resorts India (MHRIL) on Saturday said it has inked a pact to acquire 12 per cent stake in Nreach Online Services. The company, however, did not disclose any financial detail of the stake...
Thomas Cook India to buy 24% stake in Sita World Travel Lanka
NEW DELHI: Travel services provider Thomas Cook IndiaBSE -1.14 %’s Lanka arm has entered into a pact to acquire 24 per cent stake in Sita World Travel Lanka Pvt Ltd for an undisclosed amount. “Thomas Cook...
Ola’s non-compete pact with Didi tested in Uber China deal
Bengaluru/New Delhi: The sale of Uber’s China unit to local rival Didi Chuxing may violate the shareholder agreement the Chinese company signed with Ola, India’s largest cab-hailing service, according to official...
Didi to merge with Uber China operations in $35 billion deal
China’s dominant ride-hailing firm Didi Chuxing will merge with Uber’s business in China in a $35 billion deal that will end bruising competition between the two firms, according to a source familiar with...
Yatra Online agrees to be acquired by Nasdaq-listed Terrapin 3 Acquisition Corp
NEW DELHI | KOLKATA: Yatra Online, which owns and operates travel portal Yatra.com, has agreed to be acquired by Nasdaq-listed special purpose acquisition firm Terrapin 3 Acquisition Corp (TRTL) in a reverse merger...
Yatra to merge with NASDAQ listed Terrapin 3 Acquisition Corp, valuing co at $218 million
BENGALURU: Online travel agent Yatra has entered into a merger agreement with NASDAQ listed Terrapin 3 Acquisition Corporation (TRTL) that values Yatra at an enterprise value of $218 million. TRTL is a special purpose...
redBus acquires majority stake in Peru-based Busportal
New Delhi: Ibibo Group-owned online bus ticketing platform redBus on Monday said it has acquired a majority stake in Peru-based online bus ticketing platform Busportal (Empresa Digital Peruana S.A.C.) for an undisclosed...
Travel Boutique Online buys stake in Deyor Camps
NEW DELHI: Travel Boutique Online, a travel portal backed by Naspers, has taken a strategic equity stake in Deyor Camps, a chain of branded adventure camps in India. Travel Boutique Online, which has more than 19,000...
We don’t search for targets but rather go for opportunistic acquisitions: Madhavan Menon, Thomas Cook
In a chat with ET Now, Madhavan Menon, Chairman, and Managing Director, Thomas CookBSE 1.09 %, says as far as business is concerned, we have come to expect all sorts of problems that hit us on a daily basis. Edited...
US’ Travelocity buys Travelguru
The US-based online travel company Travelocity has acquired one of India’s largest online hotel distribution networks, Travelguru, for an undisclosed sum. “Travelguru will continue to operate as a standalone...
