Expedia to pay $703 million for WotifUS travel giant Expedia has just announced an agreement for the aquisition of Wotif.com Holdings Limited, for a total cash consideration of $3.30 per share, making the deal worth $703 million.The acquisition is priced at about 30% above Wotif's average share price last week, with Expedia ceo Dara Khosrowshahi saying "Wotif Group is well positioned in the Asia-Pacific region with a portfolio of leading travel brands.
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 07 Jul 14
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