Expedia buying Australian online travel firm for $658M

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Expedia CEO Dara Khosrowshahi

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Ben Miller[1]
Contributing Editor- Puget Sound Business Journal
Email[2]

Expedia[3] Inc. said it’s buying Australian online travel firm Wotif.com Holdings Limited for $658 million.

Bellevue-based Expedia (NASDAQ: EXPE) said the purchase will enhance its position in the Asia-Pacific market.

“Wotif Group will add to our collection of travel’s most trusted brands and enhance our Asia-Pacific supply, while Expedia will expose Wotif Group’s customers to our extensive global supply and world-class technology,” Expedia CEO Dara Khosrowshahi said in a statement.[4][5]

Late last month,[6] Expedia said it’s buying European online car rental reservation company Auto Escape Group for an undisclosed sum.

References

  1. ^ Ben Miller (www.bizjournals.com)
  2. ^ Email (www.bizjournals.com)
  3. ^ Expedia (www.bizjournals.com)
  4. ^ Dara Khosrowshahi (www.bizjournals.com)
  5. ^ said in a statement. (www.expediainc.com)
  6. ^ Late last month, (www.bizjournals.com)

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