Basic introduction website name: expedia launch date: 2007 Organizer: Catway Eagle founder: Rich Barton and Lloyd Frink Website type: online travel company official website:: expedia/ Introduction, latest developments, others, M&A agreement, development trend, introduction website type: air tickets, Founder of Hotel Reservation Website: Rich Barton and Lloyd Frink Alexa Rank: 37 1 (20 1 1 year/month) Expedia is the largest online travel company in the world, accounting for the business volume. The first China Internet company acquired by Expedia was E Long, which was +2 on June 38, 2004. Five years later, in 2009, Expedia's business expansion in China accelerated. First, I launched a travel review website to Tripadvisor in April, and bought travel search engine Cool News in June at 5438+ 10. The price of com exceeds12 million dollars, and it promises to invest at least 50 million dollars for these two websites before 20 1 1 year. Expedia is a famous travel website in America, which belongs to WTE Company (Global Travel Exchange). The website provides air ticket booking, car rental companies, hotels in more than 3,000 locations around the world and preferential prices. Details of the hotel can also be viewed online. Passengers can get the most timely and correct quotation in the shortest time as long as they enter their ideal price and region. The latest news Expedia 6.3 million US dollars holding European hotel search Trivago Beijing information online travel giant Expedia announced today that it will acquire a majority stake in Trivago. Trivago is a company located in Dü sseldorf, Germany. It is a website focusing on hotel search and price comparison. According to the documents submitted by Expedia, Expedia will pay about 477 million euros (about 632 million US dollars) to acquire about 665,438+0.6% equity of Trivago. Among them, 434 million euros is in cash, and another 43 million dollars is paid for Expedia shares. The transaction is expected to be completed in the first half of 20 13. Expedia is listed on Nasdaq with a market value of about $8 billion. This is a good deal for Trivago. Trivago established it and quickly became a popular hotel search website in Europe and other markets, and it has been profitable. Trivago provides services in 30 countries, and its net income in 20 12 years is expected to exceed 1 billion euros. In the spring of 20 1 1, Trivago sold its shares to the late venture capitalist Insight Venture Partners, and exchanged 25% of the shares for 40 million euros in financing, with a valuation of160 million euros. According to Expedia's bid today, the valuation is 800 million euros. Other [1] online travel companies Expedia and Kuxun reached a merger agreement [2] Expedia acquired Kuxun. Com and set up an online travel company to join forces against Ctrip [3]. Expedia announced a merger agreement with Kuxun [4]. The world's largest travel review website entered China, and Chinese official website was officially launched [5]. It is said that Google wants to buy Expedia, the controlling shareholder of E Long. This is the first acquisition of Catway Eagle in China market, but Catway Eagle and Kuxun did not disclose the specific purchase price. However, some insiders broke the news to Sina Technology that the amount of Kuxun.com acquired by Catway Eagle was $65,438+0.2 million. Cool news. Com had two financing before, * * * financing120,000 USD. The first joint venture of Ceyuan invested 2 million US dollars, and the second joint venture of Ceyuan and SIG invested 6.5438 million US dollars, accounting for 25% of its shares according to the valuation of Cool News at that time. "This sale, which is far lower than the estimated price of Cool News' second round of financing, only recouped the original investment cost of investors. It can be seen that the transformation of Cool News in the past two years and the replacement of CEO have dealt a great blow to investor confidence. " The above sources said. Another source said that Cool News will re-sign the option agreement with employees from this afternoon. It is reported that except for a few early employees, the exercise price of most employees' options is around 4 yuan, and Expedia will make this acquisition according to 2 yuan's exercise, which means that most employees' cool options will become a piece of waste paper. According to insiders, Zhang Haijun, CEO of Cool News, who has been in office for less than half a year, is busy with the relevant details after the acquisition, and the relevant personnel of Cool News have not responded to the above rumors. Cool news. Com was founded in 2006 and became famous for its application in train ticket search. After two years of life search service accumulation, in 2008, it announced the slimming transformation and officially focused on the online travel search industry. Cool news revealed that it has achieved profitability in September 2009. According to media reports, Expedia's subsidiary Catway Eagle plans to invest 50 million US dollars in China before the end of 20 1 1. Stephen Kaufer, CEO of Catway Eagle, revealed that his investment plans include acquiring Kuxun, publishing a Chinese travel review website to TripAdvisor, and hiring more employees. Development Trend Sina Technology News On the evening of May 26th, Expedia announced its development strategy in China in 20 10 today, saying that it will invest at least 50 million US dollars in China by the end of 20 10. This is the third year that Expedia has entered the China market. After the wholly-owned acquisition of Kuxun.com, the enterprises controlled by Expedia in China have included Travel.com, Daodao.com, Kuxun.com and E Long, Yixin.com, and the Chinese website and 800 telephone booking service have been released. Expedia has formed the infiltration and integration of business scope involving travel booking, user comments, vertical search, business travel and other fields. Barry Diller, chairman of Expedia, said that China plays an important role in the global development strategy of Expedia Group. He said that Expedia Group will continue to increase cooperation and investment in the China market in the next three years, and will not rule out the possibility of continuing to acquire Internet companies in China in the second half of the year, in which investing in tourism media and booking websites will become the focus. Barry diller also announced that following the cooperation with Motel 168 hotel chain, Expedia has signed a global cooperation and promotion agreement with Jinjiang Inn and Greentree Inn to help China budget hotels go global.