Article: IAC to Acquire Anyway.com; Expedia, Inc. to Extend Presence in France Through Addition of Anyway to IAC Travel Portfolio.

IAC/InterActiveCorp today announced that it has entered into an agreement to acquire Anyway.com, the third largest online travel site in France, for an enterprise value of A53 million (approximately CAD $81.6 million, $62.7 million USD ). Anyway is a wholly owned French subsidiary of the Canadian packaged tour operator Transat A.T. Inc. The transaction is expected to close by October 31, 2003. Following the completion of this transaction, Anway will operate as part of IAC Travel which consists of: Expedia, Hotels.com, Interval International, TV Travel Shop and Hotwire.

About IAC/InterActiveCorp

IAC/InterActiveCorp , formerly USA Interactive, consists ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!