Expedia Buying Stake in Travel Site Trivago for $628 Million

Expedia Inc. (EXPE), an online travel- booking service, said it is buying a majority stake in German hotel booking and search site Trivago for 477 million euros ($628.4 million) in cash and stock as it seeks to expand its presence in Europe.

Expedia’s stake in Trivago will be 61.6 percent, the companies said in a statement.

To contact the reporter on this story: Reed Stevenson in San Francisco at rstevenson15@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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