M&A Deal Summary

Expedia Acquires Apartment Jet

On October 25, 2018, Expedia acquired software company Apartment Jet

Acquisition Highlights
  • This is Expedia’s 3rd transaction in the Software sector.
  • This is Expedia’s 15th transaction in the United States.
  • This is Expedia’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2018-10-25
Target Apartment Jet
Sector Software
Buyer(s) Expedia
Deal Type Add-on Acquisition

Target

Apartment Jet

Chicago, Illinois, United States
Apartment Jet, Inc. is a short-term rental platform built specifically to help multifamily owners and operators earn revenue with vacant units. Apartment Jet was formed in 2016 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Expedia

Seattle, Washington, United States
Category Company
Founded 1996
Sector Internet Software and Services
Employees17,100
Revenue 12.8B USD (2023)
DESCRIPTION
Expedia's corporate headquarters in Bellevue, Washington.
Expedia's corporate headquarters in Bellevue, Washington.

Expedia is an online travel company that provides business and leisure travelers with technology, tools and information to research, plan, book and experience travel. Expedia was founded in 1996 and is based in Seattle, Washington.

DEAL STATS #
Overall 21 of 22
Sector (Software) 3 of 3
Type (Add-on Acquisition) 16 of 17
State (Illinois) 2 of 2
Country (United States) 15 of 16
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Pillow Homes

San Francisco, California, United States

Pillow Homes, Inc. is a software solution focused on serving building owners and managers to empower their long-term residents to rent their residences. Pillow was formed in 2014 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Liberty Expedia Holdings

Englewood, Colorado, United States

Liberty Expedia Holdings, Inc. principal assets consist of its interest in Expedia Group and its subsidiary Vitalize, LLC (referred to as "Bodybuilding.com"). Expedia is an online travel company, empowering business and leisure travelers with the tools and information they need to efficiently research, plan, book and experience travel. Bodybuilding is primarily an Internet retailer of dietary supplements, sports nutrition products, and other health and wellness products.

Buy -
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