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.
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.
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