Booking Holdings Enters Into Agreement To Acquire Getaroom
Summary
NORWALK, Conn., Nov. 12, 2021 /PRNewswire/ -- Booking Holdings Inc. (NASDAQ: BKNG) today announced that it has entered into an agreement to acquire B2B distributor of hotel rooms, Getaroom, from Court Square Capital Partners for approximately $1.2 billion. Over the years, strategic partnerships have played an important role in our efforts to reach more customers through new channels," said Brett Keller, Chief Executive Officer of Priceline. Getaroom will remain headquartered in Dallas and current Chief Executive Officer, Matt Davis, will lead Pricelines new Strategic Partnerships business unit. Getarooms mission is to simplify the complexity and costs of global distribution for hotels and deliver a single supplier solution for partners around the world that desire to offer a hospitality experience to their members, employees or customers. Court Square invests in companies that have compelling growth potential in the business services, industrial, healthcare, and tech and telecom sectors.