Travel & Entertainment M&A » By The Online Investor Staff, updated Sun., Apr. 28, 4:33 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
Slide #62. Expedia, Inc. — Majority Interest In trivago
Acquirer: |
Expedia, Inc. (NASDAQ:EXPE) |
Acquiree: |
Majority Interest In trivago |
Details: |
Expedia, Inc. (NASDAQ: EXPE) today announced completion of its acquisition of 61.6% of the fully-diluted equity of trivago GmbH, a leading hotel metasearch company, paying approximately 434 million in cash (approximately US$564 million based on March 8, 2013 exchange rates) and agreeing to issue a total of 875,200 shares of Expedia, Inc. common stock over five years. trivago will continue to operate independently from its headquarters in Dusseldorf, Germany. |
Expedia Group is an online travel company. Co. provides travel products and services in the U.S. and abroad as well as various media and advertising offerings to travel and non-travel advertisers. Co. has the following reportable segments: Retail, which provides a range of travel and advertising services to its customers through several consumer brands; B2B, which encompasses its Expedia Business Services organization, which includes Expedia Partner Solutions; Trivago, which is engaged in advertising primarily sending referrals to online travel companies and travel service providers from its hotel metasearch websites.
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April 28, 2024 4:33 AM Eastern
Buy (2.75 out of 4)
15th percentile
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