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Travel company advised on acquisition of HotelsCombined
An online travel services business has been advised on its planned acquisition of hotel metasearch site HotelsCombined.
Jerome Doraisamy
Firm: Baker McKenzie (Booking Holdings Inc.); K&L Gates (HotelsCombined).
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Deal: Booking Holdings has acquired hotel metasearch site HotelsCombined, in a deal that is expected to be completed later this year, subject to regulatory approval and satisfaction of closing conditions.
Value: Undisclosed
Area: Corporate markets
Key players: The Bakers transaction team was led by partner Arthur Apos, who was assisted by senior associates Chris Taylor and Leah Cutri and general associate Stephanie Szkilnik.
Deal significance: According to a statement from Booking Holdings, HotelsCombined will report into its leading travel metasearch brand, KAYAK.
“HotelsCombined has built a strong brand with loyal consumers across APAC, and we believe the team will be a great addition to KAYAK to further expand our worldwide metasearch strategy," said Glenn Fogel, chief executive of Booking Holdings.
“We’ve admired their execution for many years. I'm eager to work together to strengthen our capabilities and global network,” added Steve Hafner, chief executive of KAYAK.
