Expedia Receives Binding Offer for Corporate Travel Arm From American Express Global Business Travel
04 May 2021 - 11:04PM
Dow Jones News
By Dave Sebastian
Expedia Group Inc. said Tuesday it received a binding offer from
American Express Global Business Travel for Egencia, Expedia's
corporate travel arm, the companies said.
Under the proposed deal, terms of which the companies didn't
disclose, Expedia would become a shareholder in and enter a
long-term commercial agreement with American Express Global
Business Travel, the companies said Tuesday.
Expedia will report first-quarter results after market close
Thursday.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
May 04, 2021 08:49 ET (12:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Expedia (NASDAQ:EXPE)
Historical Stock Chart
From Apr 2024 to May 2024
Expedia (NASDAQ:EXPE)
Historical Stock Chart
From May 2023 to May 2024