The Service of the Commission for the Protection of Competition announces that it has received a notification of concentration by Booking Holdings Inc. regarding the acquisition of the share capital of Getaroom, Inc., through Unicorn Subsidiary Inc.
Booking Holdings Inc. is a company duly registered under the laws of the State of Delaware, U.S.A., and its shares are traded on the NASDAQ Global Select Market. Booking Holdings Inc. is active in providing online travel and related services. This company primarily offers hotel and accommodation booking services to consumers (B2C) through online travel agents("OTA") and meta-search sites("MSS"). It is also active in other travel products, e.g. flights, car rentals, holiday packages and cruises.
Unicorn Subsidiary Inc. is a special purpose vehicle which had no previous activities and which was established to act as acquiring company for the purposes of this transaction. Unicorn Subsidiary Inc. is a subsidiary of Booking Holdings Inc. through which the acquisition will take place and then merge with Target, with Getaroom, Inc. surviving as an entire subsidiary of Booking Holdings.
The Target (Getaroom, Inc.) is a company duly registered under the laws of the U.S. State of Delaware and active in the online travel industry (it is a focused B2B hotel availability distributor). In addition, the Target offers online hotel bookings directly to consumers through the OTA website, Getaroom.com.