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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 company; Hotels.com®, a global lodging company operating websites with its Hotels.com® Rewards loyalty program; Expedia® Partner Solutions, a global business-to-business brand that provides the hotel business of airlines, travel agencies, loyalty and corporate travel companies plus several consumer brands through its API and template solutions; trivago®, an online hotel metasearch platform; HomeAway®, a global online marketplace for the alternative accommodations industry, which also includes the VRBO brand, among others; and Egencia®, a corporate travel management company.
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Buy (2.62 out of 4)
(ranked lower than approx. 80% of all stocks covered)
Based on Zacks ABR data;
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