Key Developments: Expedia Inc (EXPE.O)

EXPE.O on Nasdaq

80.68USD
29 Jul 2014
Price Change (% chg)

$0.48 (+0.60%)
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$80.20
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Latest Key Developments (Source: Significant Developments)

Expedia Inc completes acquisition of Auto Escape Group
4:30pm EDT 

Expedia Inc:Completes acquisition of Auto Escape Group, one of Europe's online car rental reservation companies from private equity fund Montefiore Investment and certain members of the Auto Escape Group's management team.Going forward, Auto Escape Group will form a key part of CarRentals.com brand's global strategy and team.  Full Article

Wotif.com Holdings Ltd and Expedia Inc enter into scheme implementation agreement
Sunday, 6 Jul 2014 07:10pm EDT 

Wotif.com Holdings Ltd:Enters into scheme implementation agreement (SIA) with Expedia Inc under which it is proposed that Expedia will acquire 100 pct. of fully-diluted share capital in Wotif Group by way of scheme of arrangement.If scheme is implemented, Wotif Group shareholders will receive total cash consideration of A$3.30 per Wotif Group share comprising of.A$3.06 cash per share; plus.A$0.24 special dividend paid by Wotif Group on or before scheme implementation date (special dividend), which is expected to be fully-franked.Total cash consideration of A$3.30 per share, excluding potential benefit of franking credits associated with special dividend, values Wotif Group's fully diluted equity at about A$703.1 mln.  Full Article

Expedia Inc announces agreement to purchase Auto Escape Group
Thursday, 26 Jun 2014 04:30pm EDT 

Expedia Inc:Entered into a definitive agreement to acquire Auto Escape Group, online car rental reservation companies from private equity fund Montefiore Investment and certain members of the AutoEscape Group's management team.Upon closing, Auto Escape Group will become a part of the CarRentals.com brand and report into Henrik Kjellberg, President of the Hotwire Group.  Full Article

Sixt and Expedia Inc sign global agreement
Thursday, 12 Jun 2014 08:00am EDT 

Sixt and Expedia Inc:partnership agreement provides Expedia, Hotwire and CarRentals.com customers direct access to Sixt's premium rental fleet at more than 2,000 locations across more than 100 countries.  Full Article

Expedia Inc reaffirms FY 2014 EBITDA guidance - Conference call
Thursday, 1 May 2014 04:30pm EDT 

Expedia Inc:Continues to expect FY 2014 adjusted EBITDA to grow in range of 13 pct. to 16pct.Reported EBITDA of $878.72 mln in FY 2013.FY 2014 EBITDA of $1.012 bln - Thomson Reuters I/B/E/S.  Full Article

Expedia Inc and Citi extend their credit card relationship
Wednesday, 30 Apr 2014 10:08am EDT 

Expedia Inc:Says it extends partnership with Citi, in multi-year agreement.Through new agreement, Citi and Expedia Inc., through the Expedia.com brand, will continue working together to provide more value to loyal travelers and cardmembers.  Full Article

Expedia Inc declares quarterly dividend
Friday, 7 Feb 2014 08:03am EST 

Expedia Inc:Declares a quarterly cash dividend of $0.15 per share of outstanding common stock payable on Mar. 27 to stockholders of record as of the close of business on Mar. 10.  Full Article

Expedia Inc gives FY 2014 EBITDA guidance in line with analysts' estimates - Conference Call
Thursday, 6 Feb 2014 04:30pm EST 

Expedia Inc:Expects FY 2014 adjusted EBITDA to grow in the range of 13pct to 16pct.The company reported EBITDA of $878.72 million in FY 2013.FY 2014 EBITDA of $1.004 billion - Thomson Reuters I/B/E/S.  Full Article

Levi & Korsinsky, LLP Announces Class Action Against Expedia, Inc. And Its Board Of Directors And A Lead Plaintiff Deadline Of October 28, 2013
Tuesday, 17 Sep 2013 04:01pm EDT 

Levi & Korsinsky, LLP announced that a class action lawsuit has been commenced in the United States District Court for the Western District of Washington on behalf of investors who purchased Expedia, Inc. common stock between July 27, 2012 and July 25, 2013. The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) following the spin-off of TripAdvisor into a separate publicly-traded company, TripAdvisor had been directing an amount of web traffic to Expedia pursuant to an informal strategic partnership between the two companies and to the detriment of TripAdvisor; (b) that the traffic directed to Expedia from TripAdvisor had been a material source of Expedia's outsized revenues following the spin-off; (c) that TripAdvisor would stop directing web traffic to Expedia in early 2013; and (d) that performance at the Company's Hotwire unit was failing.  Full Article

Former SEC Attorney Willie Briscoe and Powers Taylor, LLP Announce Federal Class Action Lawsuit Against Expedia Inc
Wednesday, 4 Sep 2013 11:58am EDT 

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announced that a federal class action lawsuit has been filed against Expedia Inc (Expedia or Company). The firms are investigating additional legal claims against the officers and directors of Expedia during the period of July 27, 2012 and July 25, 2013 (the Class Period). In a recently filed federal class action complaint, Expedia and certain of its officers and directors were charged with violating provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that, among other things, defendants` misrepresented and/or failed to disclose that: following a spin-off, TripAdvisor had been directing a significant amount of lucrative web traffic to Expedia pursuant to an informal strategic partnership between the two companies that inured to the benefit of Expedia and to the detriment of TripAdvisor; the lucrative web traffic directed to Expedia from TripAdvisor following the spin-off had been a material source of Expedia`s outsized revenues following the spin-off; TripAdvisor would stop directing web traffic to Expedia in early 2013; performance was failing at Expedia`s Hotwire unit; and due to the above, defendants did not have a reasonable basis for their positive statements about the Company`s business prospects during the Class Period.  Full Article

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A mixed quarter for bets on U.S. stock volatility

NEW YORK - With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix.

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