Travel & Entertainment M&A » By The Online Investor Staff, updated Thu., Aug. 13, 1:58 PM
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 its 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, rail tickets, bus tickets, car hire, experiences and ancillary travel requirements. Co. provides its customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, domestic accommodations in India, hotels and properties outside India, Indian Railways and bus operators.
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Avg. Broker Rec.
 
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Buy (2.83 out of 4) 29th percentile
(ranked lower than approx. 71% of all stocks covered)
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