ibibo Group’s Combination with MakeMyTrip Limited

On October 18, 2016, two leading online travel groups in India, ibibo Group, owned by global technology group Naspers Limited, and MakeMyTrip Limited, a NASDAQ‑listed company, have agreed to pursue a transaction that will combine the two businesses under MakeMyTrip Limited, creating one of the leading travel groups in India that provides a one‑stop shop for all Indian travelers and serves as a critical partner for travel industry suppliers. Cravath is representing ibibo Group and Naspers in connection with the transaction.

The Cravath team is led by partner David Mercado and includes associates Jonathan Coleman, Anthea L. Markstein and Samita T. Khan on M&A matters; partner Christopher K. Fargo and associates Antje Hagena and Joyce Y. Kim on tax matters; associate Amy C. Benford on executive compensation and benefits matters; and partner David J. Kappos and associate Jason M. Sandler on intellectual property matters.