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This is just in: According this news piece Tencent Holdings Ltd a hongkong listed firm said it has secured an option to acquire up to 50 pct of MIH India Global Internet Ltd. They will be doing so by investing about 7.5 million $ over the next 3 years in the company. As some of you might know that Ibibo.com and its family of sites i.e. dwaar.com and onefamily.com which form a part of Ibibo Web Pvt Ltd in India are owned by MIH India Global Internet Ltd.

Online travel has been a really bitterly fought segment with tonnes of funded players and many of them having more money than they need. With so many options to buy tickets Travel aggregators have come to fore and have got funding themselves. And now even portals like Ibibo has jumped on to the travel bandwagon. [...]