With this agreement, clients of both companies will have access to an enhanced travel and tourism product and service offering, through an omnichannel service model (online, call center and physical stores).
After the deal, Expedia Chairman Barry Diller will own approximately 29 percent of Expedia’s voting power.
Tripoto claims to have grown its revenue and user base by over 300 per cent in the last one year.
Executives discussed raising HK$2 billion via share placements and such a move would significantly dilute the holdings of shareholders if they do not participate.
Chinese investment firm Fosun RZ Capital led a $6.75 million series A investment round in Splitty, a hotel booking startup based in Israel.
Exoticca currently operates in Spain, the UK, France, Germany, the US, and Canada, and plans to open four new markets in 2019.
The fresh funds will help enable Traveloka to become the region’s “travel super app” as it looks to further expand into tours and activities as well as food and lifestyle services.
GuestReady claims to be the largest Airbnb management company in Europe with more than 2,000 properties.
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