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Founded as a division of Microsoft in October 1996, [3] Expedia was spun off into a public company in 1999. [4] IAC, known at the time as USA Networks Inc, acquired a controlling interest in the company in 2001 [5] and acquired the remainder of the company in 2003. [6] In August 2005, IAC spun off the company. [7]
Expedia Inc. is an online travel agency owned by Expedia Group, based in Seattle. [1] The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. Expedia.com was launched on October 22, 1996 by Microsoft. [2]
The stock, which eventually closed at $27.75 a share, peaked at $29.25 a share shortly after the market opened for trading. After the offering, Microsoft had a market capitalization of $519.777 million. [1] Microsoft has subsequently acquired over 225 companies, purchased stakes in 64 companies, and made 25 divestments. Of the companies that ...
Barton served as CEO through Expedia's initial public offering in 1999, and stayed in the position until 2003, after the company was acquired for $3.6 billion. [ 12 ] After a year-long break in Italy from the business community, Barton returned to Seattle in 2004, and began working toward the launch of Zillow with Lloyd Frink, another Expedia ...
Data in the app is powered by various travel websites, including Expedia, formerly owned by Microsoft. [69] Other features include finding information on local restaurants, viewing pictures (including panoramas) and historical data about destinations, and reading reviews by previous travelers. [70]
In 2001, the company was acquired by USA Networks Inc (USAI) which also acquired a controlling interest in Expedia, an online travel booking company. After buying the domain name for approximately US$11 million, [ 3 ] HRN changed its name in 2002 to Hotels.com and launched the offline brand 1-800-2-Hotels as well as allowing hotel bookings on line.
Trivago N.V., marketed with lowercase styling as trivago, is a German technology company specializing in internet-related services and products in the hotel, lodging and metasearch fields. The company is headquartered in Düsseldorf. The American online travel company Expedia Group owns a majority of the company's stock.
In September 2003, IAC/InterActiveCorp, which had acquired Expedia in 2001, announced its acquisition of Hotwire.com for $663 million. [7] In 2004, an internet research firm estimated that through cross-advertising between Hotwire and Expedia, IAC was able to reach a total of an additional 1.5 million unique visitors to both websites monthly. [8]