New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on EXPE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 7, 2014
10:28 EDTEXPEOptions with decreasing implied volatility
Subscribe for More Information
09:36 EDTEXPEActive equity options trading on open
Subscribe for More Information
August 6, 2014
10:59 EDTEXPEOptions with decreasing implied volatility
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use