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Slide #71. Expedia, Inc. — Majority Of trivago
Expedia, Inc. (NASDAQ:EXPE)
Majority Of trivago
Expedia, Inc. announced entry into a definitive agreement to acquire a 61.6% equity position in trivago, a leading metasearch company headquartered in Dusseldorf, Germany, for total consideration of 477 million (approximately US$632 million, based on current exchange rates) including 434 million in cash as well as 43 million in Expedia, Inc. common stock. Expedia, Inc. expects the deal to be accretive to adjusted earnings per share in 2013.
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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Buy (2.76 out of 4)