Mondee Acquires Skypass, Bringing AI To SMEs For $15M Of Cash And Common Stock at $10/Share
Portfolio Pulse from Benzinga Newsdesk
Travel technology company Mondee has acquired Skypass for $15M in cash and common stock priced at $10 per share. The acquisition aims to bring AI capabilities to small and medium-sized enterprises (SMEs).
August 14, 2023 | 12:36 pm
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Mondee's acquisition of Skypass could enhance its offerings to SMEs by integrating AI capabilities. The deal, valued at $15M, includes cash and common stock priced at $10 per share.
The acquisition of Skypass, a company with AI capabilities, could potentially enhance Mondee's product offerings and attract more SMEs. This could lead to increased revenues and potentially a positive impact on the company's stock price. The deal is also significant as it includes common stock priced at $10 per share, indicating a potential valuation of the company's stock.
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