Key Developments: Expedia Inc (EXPE.O)
58.21USD
23 May 2013
$0.53 (+0.92%)
$57.68
$57.13
$58.56
$56.91
3,631,930
2,684,622
$68.09
$42.30
Latest Key Developments (Source: Significant Developments)
Expedia Inc Reaffirms FY 2013 EBITDA Guidance-Conference Call
Expedia Inc announced that for fiscal 2013, it is expecting to see adjusted EBITDA growth in the low-double-digit range, with the possibility of hitting the low teens. The Company reported EBITDA of $802.88 million in fiscal 2012. Full Article
Expedia Inc Issues FY 2013 EBITDA Guidance Below Analysts' Estimates-Conference Call
Expedia Inc announced that for fiscal 2013, it is expecting to see adjusted EBITDA growth in the low-double-digit range, with the possibility of hitting the low teens. The Company reported EBITDAof $802.88 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $925.33 million for fiscal 2013. Full Article
Expedia Inc To Acquire Stake In German Hotel Site-Reuters
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. Full Article
Expedia Inc Issues FY 2012 Revenue Guidance-Conference Call
Expedia Inc announced that for fiscal 2012, it expects net revenue of roughly EUR100 million, representing year over year growth of over 100%. Full Article
Expedia Inc Announces Agreement To Acquire Majority Of Trivago
Expedia Inc announced entry into a definitive agreement to acquire a 61.6% equity position in trivago, a metasearch company headquartered in Dusseldorf, Germany, for total consideration of EUR477 million (approximately $632 million, based on current exchange rates) including EUR434 million in cash as well as EUR43 million in Expedia, Inc. common stock. Expedia, Inc. expects the deal to be accretive to adjusted earnings per share in 2013. Full Article
Expedia Inc Announces Special Dividend
Expedia Inc announced that it has declared a special cash dividend of $0.52 per share of outstanding common stock to be paid to stockholders of record as of the close of business on December 17, 2012, with a payment date of December 28, 2012. The special dividend is in addition to the Company's regular quarterly cash dividend of $0.13 per share to holders of Expedia's common stock as of the close of business on November 16, with a payment date of December 7, 2012. Full Article
Expedia Inc Raises FY 2012 EBITDA Guidance-Conference Call
Expedia Inc announced that for fiscal 2012, the Company is expecting adjusted EBITDA growth to be in the low-double-digit range. The Company reported EBITDA of $710.84 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $776.48 million for fiscal 2012 Full Article
eLong, Inc. and Expedia, Inc. Expand Global Travel Partnership
eLong, Inc. and Expedia, Inc. announced a new agreement that expands global hotel booking options for consumers. The agreement outlines terms for enhanced collaboration between eLong and Expedia, more 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 $7 million and a subsequent payment to eLong in November 2015 based on a revenue-sharing arrangement between the parties. The agreement was approved by the Independent Directors of eLong. Full Article
Expedia Inc Raises FY 2012 EBITDA Guidance-Conference Call
Expedia Inc announced that for fiscal 2012, the Company is expecting adjusted EBITDA growth in the high single digits with a possibility of low double digit growth. The Company reported EBITDA of $710.84 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $755.51 million for fiscal 2012. Full Article
Expedia, Inc.'s Egedia Completes Acquisition of Nordic Travel Management Company VIA Travel
Egencia, an Expedia, Inc. company, announced that it completed the acquisition of VIA Travel, the travel management company in the Nordics. VIA Travel is now named VIA Egencia. The acquisition closed April 27, 2012. Additional terms were not disclosed. Full Article
Expedia warns of lower Hotwire profit
- Online travel agency Expedia Inc warned of a lower full-year profit from its discount travel website Hotwire due to higher car rental rates and increased competition.
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