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Dow Jones Newswires: Booking Holdings plans $1.8 billion acquisition of Swedish flight-booking company – Vested Daily
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Dow Jones Newswires: Booking Holdings plans $1.8 billion acquisition of Swedish flight-booking company

Booking Holdings Inc. on Tuesday said it will acquire global flight booking provider Etraveli Group from funds managed by CVC Capital Partners.

Booking Holdings
BKNG,
+1.92%
said Etraveli is already a partner of Booking.com, adding the acquisition “will complement Booking Holdings’ ongoing work to build a frictionless global flights offering.”

Booking Holdings said it would pay about EUR1.6 billion ($1.79 billion) for Etraveli Group.

The company also said Etraveli Group will remain headquartered in Sweden and operate as an independent business under Booking Holdings.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

This post was originally published on Market Watch

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