Add-on Acquisition • Internet Software and Services

Booking.com Acquires Lowestfare.com

On June 3, 2002, Booking.com acquired internet software and services company Lowestfare.com

Acquisition Context

This is Booking.com’s 1st transaction in the Internet Software and Services sector.
This is Booking.com’s 1st transaction in the United States.
This is Booking.com’s 1st transaction in Nevada.

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M&A Deal Summary
Date	June 3, 2002
Target	Lowestfare.com
Sector	Internet Software and Services
Buyer(s)	Booking.com
Deal Type	Add-on Acquisition

Target Company

Lowestfare.com

Las Vegas, Nevada, United States

Lowestfare.com is an online discount retailer of airline tickets and other travel packages. It was formed in 1995.

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Buyer Overview 1

Buyer

Booking.com

Norwalk, Connecticut, United States

Category	Company
Founded	1997
Sector	Internet Software and Services
Employees	24,057
Revenue	23.7B USD (2024)

DESCRIPTION

Entrance to Booking office in Amsterdam, the Netherlands.

Booking.com is a provider of online travel and related services, offers customers and partners in over 220 countries through six primary brands - Booking.com, KAYAK, priceline.com, agoda.com, Rentalcars.com and OpenTable. Booking was incorporated in 1997 and is based in Norwalk, Connecticut.

Deal Context for Buyer	#
Overall	1 of 20
Sector: Internet Software and Services	1 of 18
Type: Add-on Acquisition	1 of 19
State: Nevada	1 of 1
Country: United States	1 of 8
Year: 2002	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2003-06-30	RentalCars.com Penn Valley, Pennsylvania, United States RentaCars.com is an online reservation service of car rentals. Users can reserve cars through the major rental companies on a discounted, published-price basis.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2003-06-30

RentalCars.com

Penn Valley, Pennsylvania, United States

RentaCars.com is an online reservation service of car rentals. Users can reserve cars through the major rental companies on a discounted, published-price basis.

Buy

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