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Expedia completes Trivago investment deal

03/14/2013| 10:26:31 AM| 中文

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/

TAGS: Expedia | Trivago | hotel search | travel search
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