Hotels, Lodging, Restaurants & Travel M&A » By The Online Investor Staff, updated Sun., Jan. 29, 5:28 PM
Recent mergers and acquisitions in the Hotels, Lodging, Restaurants & Travel M&A category.
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Slide #42. 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.'s Retail segment provides a range of travel and advertising services to its customers through several consumer brands including Expedia.com, Hotels.com; Co.'s B2B segment encompasses Expedia Business Services organization including Expedia Partner Solutions, which provide private label and co-branded products to make travel services available to travelers through third-party company branded websites, and Egencia, a travel management company that provides travel services to businesses and their corporate customers. Co.'s trivago segment sends referrals to online travel companies and travel service providers from its hotel metasearch websites.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 28th percentile
(ranked lower than approx. 72% of all stocks covered)
Analysts' Target Price: EXPE Stock Forecast Based on Zacks ABR data; powered by Xignite |
