Priceline Acquires Momondo: The Priceline Group has reported that it has signed a definitive agreement to acquire Momondo in a $550 million deal expected to be completed later this year subject to regulatory approval.
Momondo Group, which is based in the UK and Copenhagen, operates brands including metasearch engine Momondo and Cheapflights. It is currently owned by Boston-based Great Hill Partners and will be added to the portfolio of The Priceline Group, which already includes Booking.com, Priceline.com, agoda.com, KAYAK, Rentalcars.com and Open Table. Based in Norwalk, Conn., The Priceline Group is the biggest online travel agency worldwide.
Commenting on the deal, Momondo Group CEO Hugo Burge said, “Our business is in great shape across the 30-plus markets in which we operate, and we’re looking forward to the opportunity to build on that further.”
MakeMyTrip Merges with ibibo Group: I an announcement made in both New York and New Delhi,
MakeMyTrip Ltd. one of India’s leading online travel agencies, said that it has completed its merger of the ibibo Group. The merger creates one of the largest travel groups in India, bringing together a collection of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 million transactions during fiscal year 2016.
MakeMyTrip Ltd. is the parent company of MakeMyTrip (India) Private Limited, India’s largest online travel company, MakeMyTrip Inc. (USA), MakeMyTrip FZ LLC (UAE), Luxury Tours & Travel Pte Ltd (Singapore), Luxury Tours (Malaysia) Sdn Bhd, the Hotel Travel Group (Thailand) and the ITC Group (Thailand).