Tue, Mar. 10, 9:16 AM
- Expedia (NASDAQ:EXPE) says it will partner more closely with Latin American online travel sites Decolar.com and Despegar.com 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.
Thu, Feb. 12, 8:33 AM| 2 Comments
Fri, Jan. 23, 9:27 AM
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 Wotif.com (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," Wotif.com 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 Wotif.com takeover
Oct. 2, 2014, 1:46 AM
- Despite raising concerns last month regarding Expedia's (NASDAQ:EXPE) takeover of Wotif.com (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
Sep. 24, 2014, 1:20 PM| Comment!
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 Wotif.com (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.
Jul. 7, 2014, 1:41 AM
- Expedia (EXPE) has agreed to buy Wotif.com, 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.
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 LY.com, which Ctrip recently poured $200M into.
- eLong and Expedia are trading higher. Some of Marbridge's scoops have panned out, and others haven't.
Jan. 8, 2013, 2:52 PMThe 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. | Comment!
Dec. 21, 2012, 10:51 AM
Nov. 8, 2012, 4:31 PMExpedia (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). | Comment!
Mar. 27, 2012, 11:14 AM
Nov. 21, 2011, 7:08 AM
Oct. 5, 2011, 2:22 PMGoogle'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. | Comment!
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