Market Overview

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

Share:
Related EXPE
Expedia Has 'Less Room For Growth,' Morgan Stanley Sees 20% Downside
7 Things Bob Peck Is Watching At HomeAway
For Tripadvisor. It's Not About the Current (or Even the Near-Future) Valuation (TRIP, PCLN, OWW, EXPE) (Small Cap Network)

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

 

Related Articles (EXPE)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→