BELLEVUE, Wash. \u2013 September 17, 2015 \u2013 Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion. With the completion of the transaction, Orbitz Worldwide, Inc. stock is no longer being traded on the New York Stock Exchange.<\/p>\n
\u201cWe are pleased to welcome Orbitz Worldwide to our family of leading travel brands,\u201d said Dara Khosrowshahi, Expedia, Inc. Chief Executive Officer. \u201cOur mission is to revolutionize travel through the power of technology. Given Orbitz\u2019s focus on transforming the way consumers around the world plan and book travel, we couldn\u2019t be more aligned. As we bring our talented teams and capabilities together, we will be well positioned to accelerate the pace of innovation to deliver even better customer experiences to Orbitz\u2019s loyal customer base and to further enhance the marketing and distribution capabilities we offer to our global supply partners.\u201d<\/p>\n
About Expedia, Inc.<\/strong><\/p>\n Expedia, Inc. is one of the world\u2019s leading travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:<\/p>\n Expedia.com\u00ae<\/a>, a leading full service online travel agency with localized sites in 31 countries The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in\u00admarket consumers through Expedia\u00ae Media Solutions<\/a>. Expedia also powers bookings for thousands of affiliates, including some of the world\u2019s leading airlines, top consumer brands and high traffic websites through Expedia Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com<\/a> or follow us on Twitter @expediainc.<\/p>\n Trademarks and logos are the property of their respective owners. \u00a9 2015 Expedia, Inc. All rights reserved. CST: 2029030\u00ad50<\/p>\n Forward-\u00adLooking Statements<\/strong><\/p>\n This release contains “forward\u00ad-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. These forward\u00ad-looking statements are based on Expedia, Inc. (\u201cExpedia\u201d) management\u2019s expectations as of the date hereof and assumptions which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Any statements that are not statements of historical fact (including statements containing the words “will,\u201d “allow,” \u201cbelieve,\u201d \u201cexpects\u201d or variations of such words, or similar expressions, or other comparable terminology, including estimates) should also be considered forward\u00ad-looking statements. Similarly, statements herein regarding the future impact of the Orbitz transaction and other statements of Expedia\u2019s, intentions or goals are also forward\u00ad-looking statements. It is uncertain whether any of the events anticipated by the forward\u00ad-looking statements will transpire or occur, or if any of them do, what impact they will have on Expedia\u2019s results of operations, financial condition or the price of its stock. These forward\u00adlooking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward\u00ad-looking statements, including but not limited to the possibility that we may be unsuccessful in our efforts to integrate Orbitz\u2019s operations; we may be unable to implement our plans, forecasts and other expectations with respect to Orbitz\u2019s business after the completion of the acquisition, we may be unable to realize expected synergies, or we may encounter business disruption as a result of the Orbitz acquisition, as well as other risks and important factors detailed in our public filings with the SEC, including Expedia\u2019s annual report FOR MORE INFORMATION:<\/strong><\/p>\n Expedia, Inc. Communications Expedia, Inc. Investor Relations ###<\/strong><\/p>\n “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Orbitz Worldwide Inc.’s business which are not historical facts are “forward\u00ad-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward\u00ad-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10\u00adK for the most recently ended fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":" BELLEVUE, Wash. \u2013 September 17, 2015 \u2013 Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of […]<\/p>\n","protected":false},"author":166,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2791],"tags":[],"class_list":["post-62574","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":{"api_active":null,"api_title":null,"api_excerpt":null,"api_featured_image":null,"api_lob":null},"posts_api_cpm_point":"","yoast_head":"\n
\nHotels.com\u00ae<\/a>, the hotel specialist with localized sites in more than 60 countries
\nHotwire\u00ae<\/a>, a leading discount travel site that offers Hot Rate\u00ae Hotels, Hot Rate\u00ae Cars and Hot Rate\u00ae Airfares, as well as vacation packages
\nTravelocity\u00ae<\/a>, a pioneer in online travel and a leading online travel agency in the US and Canada
\nOrbitz Worldwide<\/a>, a global travel portfolio including Orbitz<\/a>, ebookers<\/a>, HotelClub<\/a>, and CheapTickets<\/a>, brands and business\u00ad-to\u00ad-business offerings, including Orbitz Partner Network<\/a> and Orbitz for Business<\/a>
\nEgencia\u00ae<\/a>, a leading corporate travel management company
\nVenere.comTM<\/a>, an online hotel reservation specialist in Europe
\ntrivago\u00ae<\/a>, a leading online hotel metasearch company with sites in 52 countries
\nWotif Group<\/a>, a leading portfolio of travel brands operating in the Australia\/New Zealand region, including Wotif.com\u00ae<\/a>,
\nlastminute.com.au\u00ae<\/a>, lastminute.co.nz\u00ae and travel.com.au\u00ae
\nExpedia Local Expert\u00ae<\/a>, a provider of online and in\u00ad-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide
\nClassic Vacations\u00ae<\/a>, a top luxury travel specialist
\nExpedia\u00ae CruiseShipCenters\u00ae<\/a>, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 190 retail franchise locations across North America
\nCarRentals.comTM<\/a>, the premier car rental booking company on the web<\/p>\n
\non Form 10\u00adK for the year ended December 31, 2014 and subsequent quarterly reports on Form 10\u00adQ and current reports on Form 8\u00adK. Except as required by law, we undertake no obligation to update any forward\u00adlooking or other statements in this release, whether as a result of new information, future events or otherwise.<\/p>\n
\n(425) 679\u00ad4317
\npress@expedia.com<\/p>\n
\n(425) 679\u00ad3759
\nir@expedia.com<\/p>\n