Travel & Entertainment M&A » By The Online Investor Staff, updated Tue., Aug. 9, 4:43 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #19. MakeMyTrip Limited — EasyToBook.com Group
Acquirer:
MakeMyTrip Limited (NASDAQ:MMYT)
Acquiree:
EasyToBook.com Group
Details:
MakeMyTrip Limited (NASDAQ:MMYT), India's leading online travel company, completed its acquisition of the entire equity interest in a group of companies comprising the EasyToBook.com Group ("ETB"). MakeMyTrip purchased shares from the existing shareholders of ETB and invested a further amount into ETB. The total purchase consideration and investment in ETB is approximately USD 5 million.
MakeMyTrip is an online travel company in India. Through Co.'s primary websites, www.makemytrip.com, www.goibibo.com and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India as well as overseas. Co.'s services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, experiences and ancillary travel requirements such as facilitating access to third-party travel and other insurance products and visa processing. Co. provides its customers with access to all primary domestic full-service and low-cost airlines operating in India and all primary airlines operating to and from India.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 18th percentile
(ranked lower than approx. 82% of all stocks covered)
Analysts' Target Price: MMYT Stock Forecast Based on Zacks ABR data; powered by Xignite |
