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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 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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