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News Breaks
September 28, 2012
05:24 EDTLONG, EXPEeLong and Expedia expand global travel partnership
eLong (LONG) and Expedia (EXPE) announced a new agreement that expands global hotel booking options for consumers. The agreement outlines terms for enhanced collaboration between eLong and Expedia, more extensive best practice and knowledge sharing as well as strategic cooperation on potential merger and acquisition activity. The agreement also allows Expedia to increase its presence in the Chinese market by amending certain non-competition provisions previously entered into in connection with Expedia's investment in eLong. Under the agreement, Expedia will make an initial payment of $7M and a subsequent payment to eLong in November 2015 based on a revenue-sharing arrangement between the parties.
News For LONG;EXPE From The Last 14 Days
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May 20, 2013
13:01 EDTEXPEPriceline.com rises after analyst ups rating to Buy
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07:34 EDTEXPEExpedia U.S. trends softened in April, says Lazard Capital
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05:51 EDTEXPEpriceline.com upgraded to Buy from Hold at Deutsche Bank
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May 15, 2013
07:09 EDTEXPEExpedia momentum strong in international markets, says Cantor
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May 13, 2013
19:08 EDTLONGeLong CFO Mike Doyle leaving company
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19:06 EDTLONGeLong sees Q2 net revenue increase of 15%-25% vs. 2Q12
19:05 EDTLONGeLong reports Q1 EPS 1.2c, consensus 3c
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