M&A Deal Summary

Expedia Acquires TripAdvisor

On August 2, 2005, Expedia acquired internet software and services company TripAdvisor from IAC

Acquisition Highlights
  • This is Expedia’s 3rd transaction in the Internet Software and Services sector.
  • This is Expedia’s 5th transaction in the United States.
  • This is Expedia’s 1st transaction in Massachusetts.
Investment Fate
  • TripAdvisor was sold to a strategic buyer in 2011.

M&A Deal Summary

Date 2005-08-02
Target TripAdvisor
Sector Internet Software and Services
Buyer(s) Expedia
Sellers(s) IAC
Deal Type Divestiture

Target

TripAdvisor

Needham, Massachusetts, United States
TripAdvisor is a provider of trusted advice from real travellers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor was founded in 2000 and is based in Needham, Massachusetts.

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Buyer(S) 1

Buyer

Expedia

Seattle, Washington, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees16,500
Revenue 13.7B USD (2024)
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 5 of 23
Sector: Internet Software and Services M&A 3 of 17
Type: Divestiture M&A Deals 2 of 3
State: Massachusetts M&A 1 of 2
Country: United States M&A 5 of 16
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 Hotwire

San Francisco, California, United States

Hotwire is a discount travel website that offers low-prices on airfare, hotel, rental car, and vacation packages by selling off unsold travel inventory at a discounted price. Hotwire was founded in 1999 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-14 CarRentals

San Francisco, California, United States

CarRentals.com is the premier car rental booking company on the web, offering advanced technologies to both consumers and rental car partners. Terms of the deal were not disclosed. Expedia® confirmed that it expects to make no material changes to CarRentals.com operations, its employee base or brand name, and the senior leadership team will remain intact. In addition, supply partners to both Hotwire and CarRentals.com will continue under current working relationships with each brand, respectively.

Buy -

Seller(S) 1

SELLER

IAC

New York, New York, United States

Category Company
Sector Digital Media
Employees8,300
Revenue 3.8B USD (2024)
DESCRIPTION

IAC is a media and Internet company focused in the core areas of search, applications, online dating, local and media. IAC's network of sites have over a billion total monthly visits in more than 100 countries. The company is headquartered in the Chelsea neighborhood of New York City with business operations and satellite offices around the world. IAC is based in New York, New York.


DEAL STATS #
Overall 3 of 20
Sector: Internet Software and Services M&A 3 of 10
Type: Divestiture M&A Deals 2 of 10
State: Massachusetts M&A 1 of 3
Country: United States M&A 3 of 19
Year: 2005 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 Hotwire

San Francisco, California, United States

Hotwire is a discount travel website that offers low-prices on airfare, hotel, rental car, and vacation packages by selling off unsold travel inventory at a discounted price. Hotwire was founded in 1999 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-03 Shoebuy.com

Boston, Massachusetts, United States

Shoebuy.com, Inc. is an online retailer of footwear and accessories. Shoebuy has an inventory-free business model that relies on an integration of processes and data flow with over 200 manufacturers, which allows Shoebuy to feature 200,000 plus products on its site, with real time access to inventory availability, and to facilitate drop-ship of customer orders from manufacturers' warehouses directly to consumers.

Buy -