Expedia completes Trivago deal

Investor's Business Daily

The online travel agency completed the $564 mil cash acquisition of 61.6% of the European hotel metasearch company. As part of the deal, Expedia (EXPE) agreed to issue 875,200 shares of Expedia common stock over 5 years. The company said Trivago will continue to operate independently from its headquarters in Dusseldorf, Germany. Shares fell 1 cent to 64.97.

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