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...
Naspers invests $250 mn in Ibibo
Online travel firm Ibibo Group said its parent, South African Internet and media company Naspers, would invest $250 million (Rs 1,650 crore) in the company to expand its presence in the hotel segment, focus on...
Thomas Cook ties up with Airbnb
In its first tie-up with a non-online travel player globally, Airbnb has entered into an agreement with Thomas Cook to offer a range of accommodation options to outbound travellers at different price points. Thomas Cook...
Lemon Tree looks to diversify to cushion cyclical hotel business.
Lemon Tree Hotels is looking at diversifying into vacation ownership and affordable housing to broaden revenue streams and cushion its hospitality business. The company plans to invest about Rs 300 crore to acquire...
Barry Diller: We Want to Go As Fast As We Can
Expedia Chairman and Senior Executive Barry Diller discusses mergers and acquisitions. He speaks on “Bloomberg ‹GO›.” Click here to see the video –
Vietnam Air to Sell 8.8% Stake to Japan’s ANA, CEO Says
Vietnam Airlines Corp. will sell an 8.8 percent stake to ANA Holdings Inc., owner of Japan’s biggest airline, for $108 million, the companies announced Tuesday. The deal with the operator of All Nippon Airways will...
