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May 25, 2015 07:24 am GMT
It’s been a pretty busy and expensive 2015 so far for Expedia — which forked out $280 million to buy Travelcity in February, before shelling out $1.6 billion for Orbitz a week later — but the travel giant is divesting one major asset after it sold its majority stake in eLong, its loss-making partner in China, for $671 million. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tnqB9fKsuuE/
Expedia Sells Majority Stake In Chinese Partner eLong For $671 Million
It’s been a pretty busy and expensive 2015 so far for Expedia — which forked out $280 million to buy Travelcity in February, before shelling out $1.6 billion for Orbitz a week later — but the travel giant is divesting one major asset after it sold its majority stake in eLong, its loss-making partner in China, for $671 million. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/tnqB9fKsuuE/
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