Booking Holdings Closes USD 1.2bn Acquisition of B2B Hotel Room Distributor Getaroom.
MANews-(C)2009-2022
US-based online travel and related services company Booking Holdings Inc. (NASDAQ: BKNG) has completed its acquisition of US-based B2B hotel room distributor Getaroom from Court Square Capital Partners for approximately USD 1.2bn, the company said.
Getaroom is a B2B distributor of hotel rooms, and will roll into Booking Holdings' Priceline brand to form a new Strategic Partnerships business unit with the Priceline Partner Network.
Getaroom will remain headquartered in Dallas and current chief executive officer, Matt Davis, will lead Priceline's new Strategic Partnerships business unit.
Booking Holdings (NASDAQ: BKNG) is in online travel and related services...
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