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The Puget Sound Business Journal (Free subscription) | 08/12/2008
Expedia Inc. said it’s signed a deal with Red Lion Hotels Corp. that will place the hotel chain’s properties on the online travel agency’s website. (EXPE) (RLH)
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SeekingAlpha Internet Stocks (Free subscription) | 08/08/2008
Sramana Mitra submits: The three key online travel companies are going through a rough patch following their recent quarterly earnings reports. Expedia Inc (EXPE) , the world’s largest online travel agency, announced its Q2 earnings at the end of July. Revenues of $795 million beat the market’s expectations of $791 million. For the quarter, revenues grew 15% over the year and 16% over the quarter....
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The Puget Sound Business Journal (Free subscription) | 07/31/2008
Expedia Inc. reported second-quarter revenues rose to $795 million from $690 million a year earlier. Net income was $96.1 million, or 33 cents per diluted share, compared with $96.1 million, or 30 cents a share a year earlier. (EXPE)
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Reuters (Free subscription) | 07/31/2008
CHICAGO (Reuters) - Expedia Inc, the largest U.S. online travel agency, on Thursday posted a quarterly net profit on a 16 percent increase in bookings.
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Market Watch (Free subscription) | 07/31/2008
NEW YORK (MarketWatch) -- Expedia Inc. said Thursday that its second-quarter profit totaled $96.1 million, or 33 cents a share, from $96.1 million, or 30 cents a share, in the same quarter a year before. The number of shares used to calculate the earnings-per-share figure fell to 294 million from 320 million a year earlier. Revenue for the three months ended June 30 rose to $795 million from $690...
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The Puget Sound Business Journal (Free subscription) | 07/15/2008
Expedia Inc. said it plans to buy online travel agency Venere Net ApA of Rome from Advent International for an undisclosed price. (EXPE)
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Tech Confidential Blog (Free subscription) | 07/15/2008
With its overseas operations growing faster than its domestic business, online travel company Expedia Inc. [EXPE] on Tuesday said it is acquiring Venere Net SpA, an Italy-based provider of...
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Market Watch (Free subscription) | 07/15/2008
LONDON (MarketWatch) -- Expedia Inc. said Tuesday it's agreed to buy Italy-based Venere Net from Advent International and the founding partners for an undisclosed amount. Venere is focused on offering hotel reservations for European customers and has relationships with around 29,000 hotels. The deal will result in the addition of more than 10,000 incremental hotel properties in Europe, the Middle...
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Boston Globe (Free subscription) | 07/09/2008
A former Web content editor for TripAdvisor LLC has filed a complaint in Norfolk Superior Court on behalf of herself and other content providers for the popular travel website, alleging the Newton company, owned by Expedia Inc., violates Massachusetts law by classifying them as independent contractors rather than employees.
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Market Wire - Travel and Hospitality (Free subscription) | 06/30/2008
TORONTO, ONTARIO (MARKET WIRE) Attention: Business, Assignment and Travel editors.
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PR News Wire (Free subscription) | 06/20/2008
BELLEVUE, Wash., June 19 /PRNewswire-FirstCall/ -- Expedia, Inc.
(Nasdaq: ) announced today that it has agreed to sell $400 million of
8.50% senior unsecured notes due 2016 (the "Notes"). The Notes will be
guaranteed by certain subsidiaries of Expedia, Inc. The offering of the
Notes is expected to close on June 24, 2008. Expedia, Inc. plans to use the
net proceeds of the offering to repay borrowings...