Announced
Financials
Tags
Acquisition
travel agency
Public
India
Travel and Tourism
Friendly
Single Bidder
Failed
Merger
Majority
Synopsis
Yatra Online, an Indian online travel agency and a travel search engine, terminated its merger agreement with Ebix, a provider of on-demand software and e-commerce services, and filed litigation in the Court of Chancery of the State of Delaware over Ebix's breaches of the agreement. The complaint seeks to hold Ebix accountable for breaches of its representations, warranties and covenants in the merger agreement and an ancillary extension agreement, and seeks substantial damages.
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