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Expedia Buys Majority Stake In European Hotel Search Site Trivago For $632 Million
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Online travel giant Expedia announced this morning that it will acquire a majority stake in Trivago, the Dusseldorf, Germany-based hotel search and price comparison site.
In a regulatory filing, Expedia said it will pay a total of about €477 million Euro, which is approximately $632 million in US dollars, in exchange for a 61.6 percent share of Trivago. €434 million of the deal is in cash, and €43 million is in Expedia stock. The deal is expected to close in the first half of 2013, pending regulatory approval.
source: http://feedproxy.google.com/~r/Techcrunch/~3/asJrdcvD1hU/
2012-12-21 12:19:35
Source: http://someit.com/2012/12/21/expedia-buys-majority-stake-in/
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