Investment Summary

Microsoft Exits Expedia

On September 24, 1999, invested in internet software and services company Expedia from Microsoft

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in Washington.
Investment Fate
  • Expedia was sold to a strategic buyer in 2001.
  • Expedia was sold to a strategic buyer in 2005.
  • Expedia was sold to a consortium of financial buyers in 2020.

Investment Summary

Date 1999-09-24
Target Expedia
Sector Internet Software and Services
Sellers(s) Microsoft
Deal Type Spin Off

Target

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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Seller(S) 1

SELLER

Microsoft

Redmond, Washington, United States

Category Company
Founded 1975
Sector Software
Employees228,000
Revenue 245.1B USD (2024)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft is a global technology company that offers a broad spectrum of software products, services, and devices designed to help individuals and organizations across various sectors. Its extensive portfolio includes the Windows operating systems, the Microsoft Office suite for productivity, and the Azure cloud computing platform, providing solutions for computing, analytics, storage, and networking. Microsoft also delves into enterprise applications with Dynamics 365, connects professionals via LinkedIn, and engages gamers through its Xbox brand and related services. Additionally, it offers internet services such as Bing for web search, Outlook.com for email, and Skype for communication. Microsoft was formed in 1975 and is based in Redmond, Washington.


DEAL STATS #
Overall 2 of 14
Sector: Internet Software and Services M&A 1 of 6
Type: Spin Off M&A Deals 1 of 1
State: Washington M&A 1 of 3
Country: United States M&A 1 of 11
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-17 Softway Systems

San Francisco, California, United States

Softway Systems Inc., a San Francisco-based, privately held maker of Interix products for interoperability between UNIX- and Microsoft® Windows NT® operating system-based systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-29 Entropic Research Laboratories

Redmond, Washington, United States

Entropic Inc., a worldwide leader of software and toolkits for speech recognition.

Buy -