Summary
Booking Holdings Inc. (then known as The Priceline Group Inc.) announced the completion of its acquisition of Momondo Group Holdings Limited on July 24, 2017. This strategic move aimed to expand the company's global reach and offerings in the online travel market. The acquisition of Momondo Group, a well-established travel search engine, is expected to enhance Booking Holdings' competitive position by integrating its metasearch capabilities and broadening its brand portfolio.
Key Highlights
- 1The Priceline Group Inc. completed the acquisition of Momondo Group Holdings Limited.
- 2The transaction was effective as of July 23, 2017, with the announcement made on July 24, 2017.
- 3The acquisition is expected to strengthen the company's global market presence.
- 4Momondo Group is a travel search engine, suggesting a focus on expanding metasearch capabilities.
- 5This filing incorporates by reference the press release announcing the transaction completion.
- 6No financial statements related to the acquisition were filed with this 8-K, but a press release is provided as an exhibit.