announced its acquisition of 37.6% stake in eLong from Expedia for a total price of USD 400 million. After the deal, Ctrip will become the largest shareholder of eLong while Expedia will withdraw from its presence in China through its holdings
May 22 (Reuters) - Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company.
May 22 (Reuters) - Expedia Inc said it sold its entire stake in Chinese online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million.
announcement coming Friday morning that Expedia is selling its majority owned stake in ..... source of our negative moat trend rating on Expedia ), and we believe that Friday's transaction ..... partnership with the firm; however, Expedia is now in cooperation with CTrip on certain
reviewing Priceline partner CTrip and Expedia majority-owned subsidiary eLong's ..... Priceline is better-positioned than Expedia in China, a region we estimate representing ..... and narrow moat ratings on Priceline and Expedia are unchanged, we continue to see Priceline
potentially due to improving execution by Expedia , while marketing expenses trended higher ..... in the quarter). This compares with Expedia ’s foreign bookings (constant currency ..... in the quarter). Both Priceline and Expedia are seeing solid bookings in overseas
wrote in an April 15 blog post that while companies including Expedia , TripAdvisor and Yelp have said Google’s inclusion ..... York Times . Others on the list include TripAdvisor, Yelp, Expedia , a French legal search engine and German publishers. Werbach
Expedia reported impressive bookings and property ..... brand is seeing some sustained benefit from Expedia ’s marketing efforts and technology expertise ..... sequential basis. It is encouraging that Expedia ’s investment efforts to grow its platform
April 30 (Reuters) - Expedia Inc on Thursday reported first-quarter profit that exceeded analysts' expectations as it earned more money from travel bookings in and outside the United States, despite...
April 30 (Reuters) - Online travel services company Expedia Inc on Thursday affirmed earlier guidance for 2015 earnings but said it expects fierce competition for travel bookings in China to continue to produce quarterly losses for its subsidiary brand eLong Inc.