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Slide #62. Expedia, Inc. — Majority Interest In trivago
Expedia, Inc. (NASDAQ:EXPE)
Majority Interest In trivago
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 portfolio of brands includes: Expedia.com®, an online travel brand; Hotels.com®, a global lodging company operating websites with its Hotels.com® Rewards loyalty program; Vrbo®, a global online marketplace with a focus on providing lodging options for families; Egencia®, a corporate travel management company; Hotwire®, an online travel website providing spontaneous travel through its Hot Rate® deals; trivago®, an online hotel metasearch platform; and SilverRail Technologies, Inc., provider of a global rail retail and distribution platform connecting rail carriers and suppliers to both online and offline travel distributors.
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Buy (2.85 out of 4)
(ranked lower than approx. 70% of all stocks covered)
Based on Zacks ABR data;
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