Expedia Completes Acquisition Of Majority Interest In trivago

        Expedia Completes Acquisition Of Majority Interest In trivago

PR Newswire

BELLEVUE, Wash. and DUSSELDORF, Germany, March 12, 2013

BELLEVUE, Wash.and DUSSELDORF, Germany, March 12, 2013 /PRNewswire/
--Expedia, Inc. (NASDAQ: EXPE) today announced completion of its acquisition
of 61.6% of the fully-diluted equity of trivago GmbH, a leading hotel
metasearch company, paying approximately €434 million in cash (approximately
US$564 million based on March 8, 2013 exchange rates) and agreeing to issue a
total of 875,200 shares of Expedia, Inc. common stock over five years. trivago
will continue to operate independently from its headquarters in Dusseldorf,
Germany.

"Metasearch is an incredibly popular product because it enables consumers to
find their ideal hotel at the lowest possible rate. The trivago team built one
of the best hotel search user experiences and gained tremendous brand
recognition in Europe. We are thrilled to officially welcome them to the
Expedia, Inc. family," said Dara Khosrowshahi, Expedia, Inc. President and
Chief Executive Officer.

"Our focus remains on rapidly growing revenue as we expand globally," said
Rolf Schromgens, trivago co-founder and Managing Director. "The ability to
leverage Expedia's knowledge of and experience with global scale operations
will be invaluable to profitably achieve this goal," added Schromgens.

Forward-looking Statements
This release contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including statements
relating to trivago's future revenues, profitability, global expansion,
achievement of operational benefits, or the importance of metasearch as a
traffic acquisition channel. These statements are not guarantees of future
performance. These forward-looking statements are based on management's
expectations as of March 12, 2013 and assumptions which are inherently subject
to uncertainties, risks and changes in circumstances that are difficult to
predict. Actual results and the timing and outcome of events may differ
materially from those expressed or implied in the forward-looking statements
for a variety of reasons, including, among others: the ability of trivago to
successfully implement its plans, or meet its forecasts and other
expectations, as well as other risks detailed in Expedia, Inc.'s public
filings with the SEC, including Expedia, Inc.'s annual report on Form 10-K for
the year ended December 31, 2012. Except as required by law, we undertake no
obligation to update any forward-looking or other statements in this release,
whether as a result of new information, future events or otherwise.

About the Expedia group
The Expedia group is thelargestonline travel businessin the world, with an
extensive brand portfolio that includes some of the world's leading online
travel brands, including:

  oExpedia.com®, the world's largest full service online travel agency, with
    localized sites in 30 countries
  oHotels.com®, the hotel specialist with sites in more than 60 countries
  oHotwire®, a leading discount travel site that offers opaque deals in 11
    countries on its 10 sites in North America, Europe and Asia
  oEgencia®, the world's fifth largest corporate travel management company
  oeLong™, the second largest online travel company in China
  oVenere.com®, the online hotel reservation specialist in Europe
  oExpedia Local Expert®, a provider of in-market concierge services,
    activities and experiences in 18 markets worldwide
  oClassic Vacations®, a top luxury travel specialist
  oExpedia® CruiseShipCenters®, one of North America's leading retail cruise
    vacation experts

The Expedia group delivers consumers value in leisure and business travel,
drivesincremental demandand direct bookings totravel suppliers, and
provides advertisers theopportunityto reacha highly valuable audience
ofin-market travel consumers through Expedia Media Solutions. The Expedia
group also powers bookings for some of the world's leading airlines and
hotels, top consumer brands, high traffic websites, and thousands of active
affiliates through Expedia® Affiliate Network.For corporate and industry news
and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.

Trademarks and logos are the property of their respective owners. © 2013
Expedia, Inc. All rights reserved. CST: 2029030-50

About trivago
trivago is an online hotel search website which compares prices from over
600,000 hotels on over 150 booking sites worldwide; while also offering over
34 million integrated hotel reviews, accompanied by 14 million photos. Easily
find the perfect hotel by using trivago's various filters and sorting options.
Over 20 million visitors per month use trivago – recently rated by Research
Now in the top five travel sites in the UK, Germany, France, Spain and Italy.
trivago was founded in 2005 and currently operates 33 international country
platforms in 23 languages. Headquarters are based in Düsseldorf, Germany. For
more information about trivago, please visit www.trivago.com.

SOURCE Expedia

Website: http://www.expedia.com
Contact: Expedia, Inc. Investor Relations, +1-425-679-3555, ir@expedia.com;
Expedia, Inc. Communications, +1-425-679-4317, press@expedia.com; trivago GmbH
Contact, +1-212-208-1439, sydney.burdick@trivago.com
 
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