In a deal likely to send a shiver down the spine of budget accommodation websites across the globe, Web Reservations International has acquired HostelBookers.
Terms of the deal have not been disclosed.
The acquisition is an all-paper deal and is expected to need regulatory approval before completion, WRI, owner of HostelWorld, says.
Read full story at: http://www.tnooz.com/2013/04/11/news/massive-consolidation-hostelworld-buys-hostelbookers/
