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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. provides travel products and services in the U.S. and abroad as well as various media and advertising offerings to travel and non-travel advertisers. Co. has the following reportable segments: Retail, which provides a range of travel and advertising services to its customers through several consumer brands; B2B, which encompasses its Expedia Business Services organization, which includes Expedia Partner Solutions; Trivago, which is engaged in advertising primarily sending referrals to online travel companies and travel service providers from its hotel metasearch websites.
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Buy (3.00 out of 4)