Name the company that has acquired an online travel portal Yatra Online Inc., for an enterprise value of $337.8 million, in an all-stock transaction.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e Ebix Inc.
1. Ebix Inc., a supplier of on-demand software and e-commerce services, said that it has acquired online travel portal Yatra Online Inc., for an enterprise value of $337.8 million, in an all-stock transaction.
2. The two companies have entered into a definitive agreement under which Ebix will acquire Yatra via merger.
3. The transaction will create India's largest and most profitable travel services company.
4. However, Yatra will continue to operate independently and also retain its brand and status in India