Tag Archives: Expedia
Google Starts Providing Airline Rates Within Search Results

Google has started rolling out a tool that lists airline rates within their search results. The results link directly to their airlines’ websites rather than online travel agency websites like Kayak, Expedia, Orbitz, Travelocity, Priceline, etc.
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TripAdvisor Officially Spins Off As A $4 Billion Valued Company

Expedia has successfully spun off TripAdvisor.com as its own public company. TripAdvisor.com is currently trading on the stock market with the ticker symbol TRIP. Currently TripAdvisor has a market cap of about $4 billion.
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Expedia Acquires eLong From Renren

Expedia, Inc. (NASDAQ:EXPE) has acquired eLong, Inc. from Renren Inc. (NYSE:RENN). Expedia bought eLong for approximately $72.4 million ($23 per ADS). Expedia is the largest online travel company and Renren is a leading social networking company in China.
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Expedia and Tencent Invest $125.6 Million Into eLong.com

Tencent Holdings Ltd (HKG:0700) and Expedia, Inc. (NASDAQ:EXPE) have invested $125.6 million into online Chinese travel service website eLong.com. Tencent put in $84.4 million for a 16% stake and Expedia put in $41.2 million to increase their stake to 56%.
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Expedia Spinning Off TripAdvisor Into Separate Public Company

Expedia, Inc. (NASDAQ:EXPE) has announced today that they plan to spin off TripAdvisor.com off into a separate public company. The board has already signed off on the spin-off, but the deal is still pending based on a shareholder vote.
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Expedia Acquires Ann Arbor Based Travel App Company Mobiata

Expedia, Inc. (NASDAQ:EXPE) has acquired Mobiata, a mobile application company based in Ann Arbor, Michigan founded by Ben Kazez. Mobiata had created the best selling mobile travel application on the App Store called FlightTrack. Mobiata’s FlightTrack was ranked a top 5 best selling travel application for 18 months straight. Mobiata’s revenues for this year is expected to hit $2 million.
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