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Stock Market & Financial Investment News

News Breaks
July 6, 2014
20:26 EDTEXPEExpedia buys Australia's Wotif Group for A$703M
Expedia announced that it entered into an agreement to acquire Wotif.com Holdings Limited, an Australian-based online travel company, for total cash consideration of A$703M or A$3.30 per share - a premium of approximately 30% to Wotif Group's volume weighted average share price for the five trading days leading up to and including July 4, equivalent to US$658M or $3.09 per share based on July 4 exchange rates. Wotif Group operates online travel brands in the Asia-Pacific region including, Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au and Arnold Travel Technology. Wotif Group recorded A$593M in gross bookings and A$76M in revenue, in addition to generating 3.2M room nights, during the six months ended December 31, 2013. Its multi-product portfolio focuses primarily on hotel and air, offering consumers more than 29,000 bookable properties in destinations around the world. The completion of the acquisition is subject to approval by the shareholders of Wotif.com Holdings Limited and other customary closing conditions, including applicable regulatory approvals. Subject to receipt of such approvals, the transaction is expected to close during Q414.
News For EXPE From The Last 14 Days
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July 23, 2014
11:24 EDTEXPEIndustry data points to strong Q2 for online travel names, says Piper Jaffray
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July 22, 2014
11:48 EDTEXPEStocks with call strike movement; EXPE ALXN
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09:03 EDTEXPEExpedia Q2 results should beat expectations, says Cantor
Cantor's checks point to relative strength in U.S. paid search on Expedia.com in 2Q, along with healthy growth in Hotels.com visitation and improving European room rates. The firm keeps an $82 price target and Buy rating on the shares.
July 18, 2014
09:20 EDTEXPEExpedia checks point to potential Q2 upside, says FBR Capital
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