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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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November 21, 2014
10:47 EDTEXPEAmazon reported travel entry viewed positively by Piper's Munster
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November 18, 2014
14:01 EDTEXPEExpedia to begin selling airline branded fares in 2015
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November 14, 2014
17:13 EDTEXPEAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
November 10, 2014
15:57 EDTEXPEWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
15:55 EDTEXPENorthStar Travel Media to hold a conference
PhoCusWright Conference is being held in Los Angeles on November 11-13.
10:33 EDTEXPERoutehappy announces partnership with Expedia
Routehappy announced it entered a partnership with Expedia for full access to its proprietary Scores & Happiness Factors API. As part of the agreement, Expedia has full access to Routehappy's Score & Happiness Factors API, allowing its brands to integrate data into its search functionalities so customers can filter results by seat, amenities, and speed.
07:23 EDTEXPERBC Capital to hold a conference
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07:11 EDTEXPEOpen Mobile Media to hold a summit
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