Expedia acquires TravelGuru stake – No Deal

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.

Share:
  • Print
  • del.icio.us
  • Facebook
  • email
  • HackerNews

One comment

  1. $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