Law360, New York (December 21, 2012, 4:52 PM ET) -- Travel website Expedia Inc. has agreed to buy a 61.6 percent equity stake in hotel-focused German search company Trivago for €477 million ($632 million), according to a statement released Friday.
Expedia, the world's largest online travel company, said it decided to pick up seven-year-old Trivago after seeing its revenue model successfully double its profits over the past four years.
The “metasearch” provider with a database of more than 600,000 hotels in more than 30 countries managed to find success with a cost-per-click revenue scheme, something Expedia...
Expedia Lands $632M Stake In German Hotel Site
To view the full article, take a free trial now.
