Expedia snaps up European car rental site


European online car rental reservation site Auto Escape Group is currently owned by P-E fund Montefiore Investment and certain members of the company management team. Upon closing - expected in Q3 - Auto Escape will be folded into Expedia's (EXPE) CarRentals.com brand. Terms of the deal weren't disclosed.

Hotwire Group President Henrik Kjellberg: "We are excited to expand our CarRentals.com brand internationally so that we can provide our customers more choices across the globe and help our supply partners expand their marketing reach."

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs