Expedia Inc To Acquire Stake In German Hotel Site-Reuters

Saturday, 22 Dec 2012 02:44pm EST 

Reuters reported that Expedia Inc said it would acquire a 61.6% equity stake in trivago, a German search engine that focuses on hotels, for roughly $632 million in cash and common stock. The transaction includes provisions for Expedia to acquire remaining trivago shares at fair market value shortly after the third- and fifth-year anniversaries of the closing date. The Expedia deal is expected to close in the 2013 first half. 

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