Travel Technology Firm Mondee Inks $1 Billion SPAC Deal to Go Public – The Wall Street Journal

Travel Technology Firm Mondee Inks $1 Billion SPAC Deal to Go Public – The Wall Street Journal

Mondee Inc. is merging with a special-purpose acquisition company in a combination that values the travel-technology firm at about $1 billion and will take it public, the companies said.

Mondee, which operates a software platform that mainly connects travel agents and other companies with airlines in the market for privately priced discounted flights, is merging with the SPAC ITHAX Acquisition Corp. The Wall Street Journal previously reported the two sides were nearing an agreement.

Source: https://www.wsj.com/articles/travel-technology-firm-mondee-nears-1-billion-spac-deal-to-go-public-11639951201

Technology