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