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Webjet buys competitor Zuji in Asia push

12/12/2012| 11:14:39 AM| 中文

Webjet Ltd has agreed to buy international online travel agency Zuji, which operates in Hong Kong, Singapore and Australia, for $25 million.

Webjet Ltd has agreed to buy international online travel agency Zuji, which operates in Hong Kong, Singapore and Australia, for $25 million.

In a statement to the Australian Securities Exchange, Webjet said the purchase would be funded by a placement of approximately 6.9 million new shares in a bid to raise the capital.

Webjet said Zuji had a strong presence in Australia and a total annual transaction value of over $300 million.

Read full story at: http://www.technologyspectator.com.au/webjet-buys-competitor-zuji-asia-push

TAGS: Webjet | acquisition | Zuji | OTA
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