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Expedia, Inc. (EXPE)

  • Tue, Mar. 10, 9:16 AM
    • Expedia (NASDAQ:EXPE) says it will partner more closely with Latin American online travel sites and under the terms of a new deal with Decolar.
    • The arrangement will see Expedia and Decolar share more hotel supply with each other.
    • Expedia has also made a $270M equity investment in Decolar.
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  • Thu, Feb. 12, 8:33 AM
    • Expedia (NASDAQ:EXPE) is up more than 7% on the news it's buying Orbitz Worldwide (NYSE:OWW) for $12/share in cash in a deal with an enterprise value of about $1.6B.
    • The deal appealed to Expedia for Orbitz's "strong brands and impressive team."
    • OWW is up 22.5% premarket; EXPE +7.7%.
  • Fri, Jan. 23, 9:27 AM
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  • Fri, Jan. 16, 4:08 PM
    • Oppenheimer observes the FTC has disclosed it granted Expedia (EXPE +1.2%) and Sabre (SABR +1.5%) an early termination notice regarding an antitrust review filing, with the acquired entity in the transaction being Travelocity.
    • With no announcement yet from either company, Oppenheimer states it "can only opine on the probability that Expedia is in the process of acquiring the entire Travelocity asset" from Sabre.
    • Expedia struck a deal with Sabre in 2013 to power Travelocity's tech platforms and provide its travel inventory, in exchange for a 50% revenue share; that deal provided a big lift to 2014 bookings. Oppenheimer argues a full acquisition of the travel platform would be a win-win: It would boost Expedia's U.S. share and top line, and would allow Sabre to shed a non-core asset and further de-lever its balance sheet.
    • Expedia's Q4 report is due on Feb. 5.
  • Nov. 4, 2014, 7:33 AM
    • Expedia's (NASDAQ:EXPE) takeover of (OTCPK:WTIFY) received another green light, this time from New Zealand's competition regulator, leaving just one more regulatory hurdle for the A$699M ($610M) deal.
    • "All of the conditions precedent to the scheme of arrangement, save for approval by the Supreme Court of Queensland, have now been satisfied," said in a statement. "A final hearing will be held at the Queensland Supreme Court tomorrow morning."
    • The deal will make it easier for U.S.-based Expedia to grow in Australia and the Asia-Pacific.
    • Previously: Australia approves Expedia's takeover
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  • Oct. 2, 2014, 1:46 AM
    • Despite raising concerns last month regarding Expedia's (NASDAQ:EXPE) takeover of (OTCPK:WTIFY), Australia's Competition and Consumer Commission has cleared the $660M deal.
    • The antitrust regulator says that the acquisition is unlikely to diminish the dynamic nature of the online accommodation distribution market.
    • Previously: Expedia, Wotif deal raises concerns down under
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  • Sep. 24, 2014, 1:20 PM
    • It's Expedia's (EXPE +0.8%) turn to get a lift from M&A chatter. Shares have turned positive over the last 15 minutes on unsubstantiated rumors that Alibaba could be interested in making a bid.
    • SunEdison soared earlier today on rumors of a GE bid. GE denied the rumors soon afterwards.
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  • Sep. 4, 2014, 4:34 AM
    • Expedia's (NASDAQ:EXPE) international expansion effort has hit a bump in Australia, after the country's Competition and Consumer Commission announced concerns over its $660M takeover of (OTCPK:WTIFY).
    • In its preliminary assessment of the deal, the antitrust regulator says that Expedia's bid could inflate commission rates charged to accommodation providers. The regulator's final decision is due in October.
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  • Jul. 7, 2014, 1:41 AM
    • Expedia (EXPE) has agreed to buy, an Australian online travel group, for $660M. Expedia is expecting the deal to expand its customer base in the Asia-Pacfic region.
    • Wotif's directors and co-founder plan to vote in favor of the deal, to put the company back on its feet after facing declining hotel bookings and profits.
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  • Jul. 3, 2014, 10:27 AM
    • An "industry insider" tells Marbridge Consulting Ctrip (CTRP +0.9%) plans to buy Expedia's (EXPE +2%) 65% stake (82.4% voting right) in rival Chinese travel bookings site eLong (LONG +4.4%) through a share swap that would value eLong (current market cap of $754M) at $800M-$1B.
    • Marbridge notes Tencent owns 15% of eLong's voting rights, and that Ctrip and Tencent have jointly invested in two companies - one of them is, which Ctrip recently poured $200M into.
    • eLong and Expedia are trading higher. Some of Marbridge's scoops have panned out, and others haven't.
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  • Jan. 8, 2013, 2:52 PM
    The FTC has signed off on Priceline's (PCLN) $1.8B acquisition of Kayak (KYAK). Though the combined clout of Priceline/Kayak in the online travel search/bookings space will be huge, the presence of competition from Expedia, Google, and others seems to have mollified regulators. Priceline has said Kayak will be run as an independent company led by its current management.
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  • Dec. 21, 2012, 10:51 AM
    Expedia (EXPE -1.5%) takes a 61.6% stake in Trivago for a consideration of close to $632M. The German company operates one of the fastest growing travel sites in Europe.
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  • Nov. 8, 2012, 4:31 PM
    Expedia (EXPE) -4.3% AH on news Priceline (PCLN) is acquiring Kayak (KYAK). Investors are likely worried the direct integration of Priceline's travel listings and bidding platform with Kayak's search engine will hurt Expedia's market share. TripAdvisor (TRIP) -3.3% AH, likely on concerns the Priceline deal could end its travel reviews partnership with Kayak. Priceline is holding a call to discuss the merger (webcast).
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  • Mar. 27, 2012, 11:14 AM
    Expedia (EXPE -2.4%) sells off after striking a deal to acquire VIA Travel, a Scandinavian corporate travel management company, for an undisclosed sum. The deal comes as larger rival Priceline (PCLN) continues to gain European share.
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  • Nov. 21, 2011, 7:08 AM
    Expedia (EXPE) acquires Renren's (RENN) interest in Chinese online travel provider eLong (LONG) for $23/share - marking a 65% premium to Friday's closing price. An exec with Expedia says China is a key market in the firm's efforts to expand globally.
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  • Oct. 5, 2011, 2:22 PM
    Google's (GOOG) $700M purchase of ITA Software is cleared by a federal judge after the search giant promises to make ITA's travel data available to rival search engines, among other concessions. MSFT, EXPE, and popular travel search engine Kayak had opposed the deal, which was approved by the DOJ in April.
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Company Description
Expedia Inc is an online travel company. The Company offers holidaypackages, rental cars, cruises, as well as destination services and activities.Its business segments areLeisure and Egencia.
Sector: Services
Industry: Lodging
Country: United States