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Article: Transat announces sale of Anyway.com to IAC/InterActiveCorp, owner of Expedia - Expedia, Inc. to extend presence in France through Anyway addition to IAC Travel portfolio.
- Article from:
- PR Newswire
- Article date:
- October 27, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Transat A.T. Inc. today announced that it has entered into an agreement to sell its French subsidiary Anyway.com (http://www.anyway.com/) to IAC/InterActiveCorp for an enterprise value of (euro)53 million (approximately CAD$81.6 million, $62.7 million USD). The sale is expected to close by October 31, 2003. Anyway will join IAC Travel, a division of IAC/InterActiveCorp that encompasses leading online travel brands including Expedia.com, Interval International, TV Travel Shop, Hotels.com and Hotwire.com.
The full year gross bookings for Anyway are estimated to be approximately (euro)80 million (CAD$123.2 million, $94.6 million USD). Anyway is the third largest ...