Home > Online > Expedia eyes South America, invests $270 million in Decolar online travel agency

Expedia eyes South America, invests $270 million in Decolar online travel agency

03/11/2015| 9:32:15 AM| 中文

More strategic moves by Expedia Inc as it invests $270 million in South American online travel agencies Decolar and Despegar.

The investment will give Expedia a minority stake of about 20% in the Decolar parent company.

It will comprise a primary and secondary injection and will be accounted for a cost basis at Expedia Inc.

The deal comes as part of the expansion of an existing agreement between the pair which has been in place since 2002.

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TAGS: Expedia | Decolar | investment | Dara Khosrowshahi
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