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Astrea Acquisition Corp. (ASAX) to Combine with HotelPlanner and Reservations.com in $567M Deal

Astrea Acquisition Corp. (ASAX) to Combine with HotelPlanner and Reservations.com in $567M Deal

Astrea (NASDAQ:ASAX) has entered into a definitive agreement to combine with travel booking websites HotelPlanner and Reservations.com at an enterprise value of $567.1 million, or 4.4x the group’s 2021E revenue. The combined company will keep the HotelPlanner name following the deal’s close in the fourth quarter of 2021 and is set to trade on the
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