Expedia Acquires Stake in Trivago and 2 Hot Stocks to Watch
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Expedia Inc (NASDAQ:EXPE), the largest online travel company in the world, announced its deal to acquire a 61.6% stake in leading meta search company Trivago for approximately $632 million payable in cash and stock. Trivago was founded just seven years ago and established a leading position in search results for hotel accommodation. It has doubled its revenue each year since 2008.
If the $8.2 billion deal between Intercontinental Exchange (NYSE:ICE) and NYSE Euronext (NYSE:NYX) were to fall apart, potential termination fees could apply. For example, if NYSE were to pursue a competing offer, it would have to pay ICE over $450 million. On the other hand, in case of termination due a breach of the agreement by ICE due to anti-trust regulations, NYSE would be entitled to fees of up to $750 million.