Tag: MakeMyTrip Ibibo Group Merger
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MakeMyTrip To Acquire Rival Ibibo Group In An Equity Deal
In the biggest consolidation move in the online OTA space in India, online travel firm MakeMyTrip has agreed to buy the rival Ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent. Naspers and Tencent jointly held a 91% and 9% stake in Ibibo respectively. Additionally, prior to…