Expedia to Buy Majority Stake in German Hotel Site

According to reports, Expedia announced that it aims to acquire a 61.6 percent equity stake in Trivago, a German search engine that focuses on hotels, for roughly $632 million in cash and common stock, a move that will expand Expedia’s European reach.

Expedia, whose brands include Hotwire and Hotels.com, said in an official statement that Trivago, which allows consumers to search for price and room availability, has doubled revenue each year since 2008 and currently expects about 100 million euros (about $132 million) in net revenue for 2012. Trivago features search results from more than 600,000 hotels over 140 booking sites in more than 30 countries.

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