Market Overview

Expedia Buying 61.6% Stake in Trivago for EUR477M; Sees Deal Adding to FY13 EPS

Related EXPE
Bank Of America Analyst Picks Q2 Internet Sector Winners And Losers
Markets Marginally Lower Ahead Of Earnings Season
Expedia Scores $657M Deal for Australia's Wotif (Fox Business)

Expedia, Inc. (NASDAQ: EXPE) today announced entry into a definitive agreement to acquire a 61.6% equity position in trivago, a leading metasearch company headquartered in Dusseldorf, Germany, for total consideration of €477 million (approximately US$632 million, based on current exchange rates) including €434 million in cash as well as €43 million in Expedia, Inc. common stock. Expedia, Inc. expects the deal to be accretive to adjusted earnings per share in 2013.

Posted-In: Earnings News Guidance M&A Global

 

Most Popular

Related Articles (EXPE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free