Add-on Acquisition • Internet Software and Services

IAC Acquires Expedia

On July 16, 2001, IAC acquired internet software and services company Expedia

Acquisition Context
  • This is IAC’s 1st transaction in the Internet Software and Services sector.
  • This is IAC’s 2nd transaction in the United States.
  • This is IAC’s 1st transaction in Washington.
Investment Fate
  • Expedia was sold to a strategic buyer in 2005.
  • Expedia was sold to a consortium of financial buyers in 2020.

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M&A Deal Summary

Date July 16, 2001
Target Expedia
Sector Internet Software and Services
Buyer(s) IAC
Deal Type Add-on Acquisition

Target Company

Expedia

Seattle, Washington, United States
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.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 2 of 23
Sector: Internet Software and Services 1 of 16
Type: Add-on Acquisition 2 of 18
State: Washington 1 of 2
Country: United States 2 of 21
Year: 2001 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Ticketmaster Entertainment

Beverly Hills, California, United States

Ticketmaster Entertainment, LLC is an event ticketing, live entertainment, and eCommerce company in the United States, Canada, and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-25 Entertainment Publications

Troy, Michigan, United States

Entertainment Publications, Inc. is a publisher and marketer of consumer directories and coupon books that are used by schools and other non-profit organizations as fund raising tools.

Buy $360M