Consumer Business Review: Travel Sites FEAR Google’s Buyout of Frommer’s, Disney MIGHT Buy Scripps
Here are Monday’s top stories:
Travel sites Tripadvisor (NASDAQ:TRIP) and Orbitz Worldwide, Inc. (NYSE:OWW) shares slide on the Wall Street Journal report that Google is acquiring Frommer’s brand for an unreported amount. It is feared by the sites that combo of Frommer’s with Google’s already-purchased Zagat’s brings a threat to their market shares.
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Takeover chatter mounts as Citigroup suggests that Scripps Networks Interactive, Inc. (NYSE:SNI) might be on the The Walt Disney Company’s (NYSE:DIS) buyout shopping list. It’s thought that Scripps’ current networks like HGTV, DIY, Food Network and Travel might mesh well with some of Disney’s ABC prime time shows.
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