Expedia, Inc. is the American-based parent company to several global online travel brands includingExpedia.com, Hotels.com, Hotwire.com, Egencia (formerly Expedia Corporate Travel), Venere, Expedia Local Expert, Classic Vacations and eLong. Expedia, Inc.’s companies operate more than 100 branded points of sale in more than 60 countries. Expedia also powers travel bookings for over 10,000 partners such as airlines and hotels, consumer brands, and high traffic websites through Expedia Affiliate Network, 80% of which is powered by their API. Expedia, Inc. is listed on Nasdaq under the ticker symbol EXPE.
Founded as a division of Microsoft in 1996, Expedia was spun off in 1999, and was later purchased by TicketMaster in 2001 TicketMaster changed its name to USA Networks in 2001 and thenInterActiveCorp in 2003]). IAC spun off its travel group of businesses under the Expedia, Inc. name in August 2005, including Expedia, Expedia Corporate Travel (now Egencia),TripAdvisor, Classic Vacations, eLong, Hotels.com, and Hotwire.com.[8] In late 2011, Expedia, Inc. spun out TripAdvisor Media Group, retaining its portfolio travel transaction brands.[9] On December 21, 2012, Expedia bought a majority stake in travel metasearch engine Trivago in a combined cash and stock deal worth €477 million (approximately $630 million).[10]
Founded as a division of Microsoft in 1996, Expedia was spun off in 1999, and was later purchased by TicketMaster in 2001 TicketMaster changed its name to USA Networks in 2001 and thenInterActiveCorp in 2003]). IAC spun off its travel group of businesses under the Expedia, Inc. name in August 2005, including Expedia, Expedia Corporate Travel (now Egencia),TripAdvisor, Classic Vacations, eLong, Hotels.com, and Hotwire.com.[8] In late 2011, Expedia, Inc. spun out TripAdvisor Media Group, retaining its portfolio travel transaction brands.[9] On December 21, 2012, Expedia bought a majority stake in travel metasearch engine Trivago in a combined cash and stock deal worth €477 million (approximately $630 million).[10]
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