Expedia completes Trivago investment deal
Ten weeks after giving the folk at Trivago a very nice pre-Christmas present, Expedia has finalised its acquisition of a majority stake in the European hotel search service.
Expedia will own 61.6% of the company in a deal worth $564 million (based on March 8 exchange rates – approximately Euro 434 million).
The deal was announced on December 21, just six weeks after rival online travel agency group Priceline splashed out $1.8 billion on US travel search giant Kayak.
Expedia will issue a total of 875,200 shares of common stock of umbrella company Expedia Inc over the course of the next five years as part of the deal.
Read full story at: http://www.tnooz.com/2013/03/12/news/expedia-completes-trivago-investment-deal/