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