Booking Holdings acquires HotelsCombined
Baker McKenzie has advised Booking Holdings Inc. on its impending acquisition of HotelsCombined.
Firms: Baker McKenzie (Booking Holdings Inc.); Undisclosed (HotelsCombined)
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Deal: Booking Holdings Inc. (Bookings Holding) is set to acquire HotelsCombined later this year, subject to regulatory approval and satisfaction of closing conditions.
Value: Undisclosed
Area: M&A
Key players: The Baker McKenzie legal team was led by partner Arthur Apos, with assistance from senior associates Chris Taylor and Leah Cutri, as well as general associate Stephanie Szkilnik.
Deal significance: HotelsCombined is a hotel metasearch site, while Booking Holdings is described as the world leader in online travel and related services “provided to customers and partners in over 220 countries and territories through six primary brands,” a statement from Baker McKenzie said.
HotelsCombined is based in Sydney and has a strong presence in the Asia-Pacific market. It will report into Booking Holdings’ leading travel metasearch brand, KAYAK, the firm explained.