Nikhil has an update from TravelGuru CEO Ashwin Damera that ongoing rumors of Expedia acquiring majority stake in TravelGuru for $17 million are mere speculation and that no deal has been signed.
Just like everyone else reported, a $17 million for a majority stake would be just like a desperate deal. Something seemed very odd about the numbers.
$17 million for majority stake in travelguru was unbelievable at the first stage only. Travelguru acquired desiya for $25million & after that getting valued was something not possible. Thanks for clearing out the rumour
Sonia Malhotra
http://www.GhumiChale.com
India’s First Hotels Comparison Engine