M&A Deal Summary

MakeMyTrip Acquires ibiboGroup

On October 18, 2016, MakeMyTrip acquired internet software and services company ibiboGroup from Naspers and Tencent Holdings

Acquisition Highlights
  • This is MakeMyTrip’s 8th transaction in the Internet Software and Services sector.
  • This is MakeMyTrip’s 3rd transaction in India.

M&A Deal Summary
Date 2016-10-18
Target ibiboGroup
Sector Internet Software and Services
Buyer(s) MakeMyTrip
Sellers(s) Naspers
Tencent Holdings
Deal Type Divestiture
Advisor(s) Goldman Sachs (Financial)
Cravath, Swaine & Moore
Trilegal (Legal)

Target

ibiboGroup

Gurgaon, India
The ibibo Group operates integrated travel properties such as Goibibo.com (leading hotels and air aggregator), redBus.in (leading online bus ticketing platform), YourBus (Vehicle tracking application), and recently launched car sharing app, ibibo Ryde. The company's mission is to organize the transportation and accommodation industry and connect it with travellers. At 7.65mn unique transactions a quarter, ibibo is one of the leading travel companies in India.

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Buyer(S) 1

Buyer

MakeMyTrip

Gurugram, India
Category Company
Founded 2000
Sector Internet Software and Services
Employees4,576
Revenue 783M INR (2024)
DESCRIPTION

MakeMyTrip is an online travel company provides access to all major domestic full-service and low-cost airlines, hotels and guesthouses. MakeMyTrip was founded in 2000 and is based in Gurugram, India.

DEAL STATS #
Overall 8 of 10
Sector (Internet Software and Services) 8 of 10
Type (Divestiture) 1 of 2
Country (India) 3 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 Mygola

Chevy Chase, Maryland, United States

Mygola, Inc. is a provide of web based travel planning services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Quest2travel.com India Pvt.

Mumbai, India

Quest2travel.com India Pvt. Ltd. is an IATA certified web-based Corporate Travel Management company that helps customers manage their employee travel procurement in a transparent and secure manner. Quest2travel.com India Pvt. Ltd. was founded in 2000 and is based in Mumbai, India.

Buy -

Seller(S) 2

SELLER

Naspers

Cape Town, South Africa
Category Company
Founded 1915
Sector Media
Employees25,564
Revenue 6.4B USD (2024)
DESCRIPTION

Naspers is a multinational media company with principal operations in electronic and print media. Naspers was founded in 1915 and is based in Cape Town, South Africa.

DEAL STATS #
Overall 5 of 8
Sector (Internet Software and Services) 3 of 4
Type (Divestiture) 5 of 6
Country (India) 2 of 4
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-14 Allegro

Poznan, Poland

Allegro is an online marketplace in Poland that connects consumers with merchants. With more than 20 million users per month, 13 million active buyers and 125,000 merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. The group also operates Ceneo.pl - Poland’s leading online price comparison website, and eBilet – the leading event ticket sales site in Poland. Allegro was founded in 1999 and is based in Poznan, Poland.

Sell $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Flipkart

Bengaluru, India

Flipkart is an e-commerce destination and offers a wide range of product categories including electronics, household items, and apparel to customers across India. Flipkart was established in 2007 and is headquartered in Bengaluru.

Sell $16.0B
SELLER

Tencent Holdings

Shenzhen, China
Category Company
Founded 1998
Sector Internet Software and Services
Employees104,787
Revenue 609.0B CNY (2023)
DESCRIPTION

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 2 of 3
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Supercell Oy

Helsinki, Finland

Supercell is a mobile game company headquartered in Finland. Their two game apps, Clash of Clans and Hay Day, reached the top position in “Top Grossing” ranking of Apple’s App Store in 137 countries and 96 countries, respectively. From February 2013 to August 2013, Supercell was the No.1 publisher in the world among the apps in the Games category of the App Store. The Finnish company has become the one of the leading proponents of ‘freemium games’, which cost nothing to buy but players spend money to speed up the action.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Shanda Games

Shanghai, China

Shanda Games Ltd. is an online game developer, operator, and publisher. Shanda Games was founded in 2001 and is based in Shanghai, China.

Buy $474M
Mergr

Product

Company

Legal