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December 21, 2012 11:17 pm GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/asJrdcvD1hU/
Expedia Buys Majority Stake In European Hotel Search Site Trivago For $632 Million
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/asJrdcvD1hU/
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