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Expedia Inc (EXPE.O)

EXPE.O on Nasdaq

2 Dec 2016
Change (% chg)

$-1.01 (-0.83%)
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Latest Key Developments (Source: Significant Developments)

John Kim will become president of Homeaway
Monday, 26 Sep 2016 04:41pm EDT 

Expedia Inc :John Kim will become president of Homeaway; co-founder and current CEO, Brian Sharples, will move into role of chairman through Jan 2017.  Full Article

Par investment reports 5.2 pct passive stake in Expedia
Monday, 26 Sep 2016 04:02pm EDT 

Expedia Inc :Par Investment Partners, L.P. reports 5.2 pct passive stake in Expedia as of Sept 16, 2016 - SEC filing.  Full Article

Travelport expands its european partnership with Expedia
Monday, 1 Aug 2016 03:30am EDT 

:Travelport expands its european partnership with Expedia.  Full Article

Expedia qtrly adjusted earnings per share $0.83
Thursday, 28 Jul 2016 04:01pm EDT 

Expedia Inc : Qtrly adjusted earnings per share $0.83 . Qtrly revenue $2,195.9 million, up 32 percent . Q2 earnings per share $0.21 . Says recognized $10 million in restructuring and related reorganization charges during the three months ended June 30, 2016 . Says expect up to $15 million of restructuring charges for the remainder of 2016 . Q2 gross bookings increased $3.8 billion or 25% year-over-year to $18.86 billion . Q2 room night growth of 6 percent . Says revenue per room night is expected to continue to decrease year-over-year in 2016 .Q2 earnings per share view $0.78, revenue view $2.25 billion -- Thomson Reuters I/B/E/S.  Full Article

Expedia Inc - Germany orders Booking.com to scrap anti-competitive clause - Reuters
Wednesday, 23 Dec 2015 12:24am EST 

Expedia Inc:Germany's antitrust regulator has ordered that online travel agent Booking.com must scrap a practice that forbids hotels from offering rooms at lower prices on their own websites. - RTRS.So-called parity clauses in contracts between online booking sites and hotels are common in the industry and have led to complaints by rivals and scrutiny by regulators across Europe - RTRS.The practice allows online travel agents such as Booking.com, part of U.S.-based Priceline Group PCLN.O, to claim that they always offer the cheapest online rates available. Germany's Federal Cartel Office said the clause violates fair competition rules. - RTRS.In a concession to regulators, Booking.com eased its policy in December 2014, allowing hotels to offer lower prices on rival portals but not on their own websites. The cartel office said that this was still illegal. - RTRS."These so-called narrow best-price clauses still limit competition between existing portals as well as competition between the hotels," Andreas Mundt, the cartel office's president, said in a statement on Wednesday - RTRS.The regulator said that its investigation into similar practises at rival Expedia EXPE.O was ongoing. A German court also backed a competition authority's decision that such clauses at HRS were illegal. - RTRS.  Full Article

Expedia Announces Proposed Private Offering of Senior Notes
Tuesday, 1 Dec 2015 09:02am EST 

Expedia, Inc:Says that it is commencing a private offering of senior unsecured notes (the "Notes"), subject to market and other conditions.If offering is consummated, Expedia expects to use net proceeds from offering to fund a portion of cash consideration payable in connection with proposed acquisition of HomeAway, Inc. and/or refinance existing HomeAway indebtedness and for other general corporate purposes.There can be no assurance that the issuance and sale of the Notes will be consummated.  Full Article

HomeAway agrees to acquisition by Expedia Inc
Wednesday, 4 Nov 2015 04:03pm EST 

HomeAway Inc:Entered into a definitive agreement under which Expedia, Inc has agreed to acquire HomeAway, including all of its brands, for an equity value of about $3.9 billion in cash and Expedia common stock.Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock.Under the terms of the transaction, Expedia will acquire each outstanding share of common stock of HomeAway through a tender offer, followed by a second-step merger.Boards of Directors of both companies unanimously approved the transaction.  Full Article

Expedia Inc completes acquisition of Orbitz Worldwide, Inc.
Thursday, 17 Sep 2015 08:58am EDT 

Expedia Inc:Says that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for $12.00 per share in cash, representing an enterprise value of about $1.6 billion.With the completion of the transaction, Orbitz Worldwide, Inc. stock is no longer being traded on the New York Stock Exchange.  Full Article

Expedia Inc reaffirms FY 2015 EBITDA outlook - Conference Call
Wednesday, 3 Jun 2015 02:30pm EDT 

Expedia Inc:Says it is guided to 10 to 15% FY 2015 adjusted EBITDA growth for the whole business, excluding eLong and exclude eLong.  Full Article

Expedia Inc announces senior notes due 2022-Form 8-K
Wednesday, 3 Jun 2015 03:36am EDT 

Expedia Inc:Entered into an underwriting agreement with BNP Paribas, Goldman Sachs & Co and J.P. Morgan Securities plc and the additional underwriters and the subsidiaries party thereto.Itis pursuant to which the underwriters agreed to purchase from the company 650 million Euros aggregate principal amount of 2.500 pct senior notes due 2022.On June 3 the company completed the sale of the notes.The net proceeds from the sale of the notes, after underwriting discounts and commissions and estimated offering expenses, were about $700.2 million.The company intends to use the net proceeds from the sale of the Notes to fund a portion of the cash consideration payable in connection with the company’s proposed acquisition of Orbitz Worldwide, Inc. and for other general corporate purposes.  Full Article