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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.