Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 5:38 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 websites and mobile platforms, travelers can research, plan and book a range of travel services and products in India as well as overseas. Its services and products include air ticketing, hotels and packages, rail tickets, bus tickets, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing. As of Mar 31 2017, Co. provided its customers with access to over 40,000 hotels and over 13,500 alternative accommodations in India, over 240,000 hotels and properties outside India and over 1,900 bus operators, including several major Indian and Singapore bus operators.
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Avg. Broker Rec.
 
|
Buy (3.30 out of 4) 52nd percentile
(ranked higher than approx. 52% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
