Welcome to Dividend.com
Please help us personalize your experience.
Select the one that best describes you
Expedia.com company logo

News

Expedia to Acquire Orbitz in $1.6B Deal (EXPE)

Shauna O'Brien Feb 12, 2015

Shares of both Expedia Liquid error: internal and Orbitz (OWW) surged on Thursday morning after reports that Expedia has agreed to acquire its competitor in a $1.6 billion deal.

The deal will allow Expedia to acquire Orbitz Worldwide and all of its brands for $12 per share, or $1.6 billion in cash. This deal has been approved by the Boards of Directors of both companies and is subject to approval from Orbitz’s shareholders.

Dara Khosrowshahi, President and CEO of EXPE, commented: “We are attracted to the Orbitz Worldwide business because of its strong brands and impressive team. This acquisition will allow us to deliver best-in-class experiences to an even wider set of travelers all over the world. From the flagship Orbitz.com brand, to other well-known consumer brands such as CheapTickets, ebookers and HotelClub and the business-to-business brands Orbitz Partner Network and Orbitz for Business, the Orbitz Worldwide team has built a devoted customer base and we look forward to welcoming them to the Expedia, Inc. family.”

Stock Performance

Shares of EXPE were up $7.70, or 9.84% during pre-market trading Thursday. The stock is down 8.36% YTD.

Shares of OWW were up $2.08, or 21.52% during pre-market trading Thursday. The stock is up 16.89% YTD.

EXPE Dividend Snapshot

As of market close on February 11, 2015


EXPE dividend yield annual payout payout ratio dividend growth


Click here to see the complete history of EXPE vdividends.

The Bottom Line

Expedia Liquid error: internal is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.


Continue to site >
Trending ETFs