Mondee Inc. is close to a deal with a special-purpose acquisition company that would value the travel-technology firm at about $1 billion and take it public, people familiar with the matter said.
Mondee, which operates a software platform that mainly connects travel agents and other companies with airlines in the market for privately priced discounted flights, is nearing a merger with the SPAC ITHAX Acquisition Corp., the people said. The deal could be announced as soon as Monday.
