Technology Industry
Industry: Email Alert RSS FeedExpedia announces CarRentals.com acquisition
Telecomworldwire, March 14, 2008
TELECOMWORLDWIRE-14 March 2008-Expedia announces CarRentals.com acquisition(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
The acquisition of CarRentals.com, an online car rental marketing and retail company, which provides a broad selection of car rentals direct to consumers, has been announced by online travel company Expedia Inc (Nasdaq:EXPE).
Expedia said CarRentals.com will continue to operate in its current form under the new agreement and will report directly as a business unit into Hotwire, Expedia's discount travel brand.
Most RecentTechnology Articles
CarRentals.com is based in New Jersey, USA and offers advanced technologies to rental car partners and consumers. Expedia said it does not expect to make any material changes to CarRentals.com operations, its brand name or employee base and confirmed senior leadership will remain intact.
Expedia also stated that supply partners to CarRentals.com and Hotwire will continue with each brand, respectively, under existing working conditions. The acquisition is expected to take CarRentals.com into its next growth phase, while complementing the success of the Hotwire rental care offering and enabling Hotwire to offer further choice and value to consumers.
The terms of the agreement were not disclosed.
((Comments on this story may be sent to tww.feedback@m2.com))
CIO SessionsVision Series on ZDNet
See and hear what CIOs the world over thinks about the business of technology and how it's changing the way we live and work.
Brought to you by CBS MoneyWatch.com
- 10 Best Places to Retire
- Companies with the Best 401(k) Plans
- Most Important Document for Your Heirs? It's Not Your Will
- Video: Should You Expect to Retire Rich?
- Over 50? Here's How to Get (and Keep) a Great Job
Most Recent Technology Articles
- TELECOMMUNICATIONS : TELECOMS PACKAGE LEAVES COMMISSION, EP AND COUNCIL IN DISCORD.
- TELECOMMUNICATIONS : MEPS PRESSED TO FINALISE TELECOMS PACKAGE.
- AUTHORS' RIGHTS : PARIS PUTS GRADUATED RESPONSE' ON AUDIOVISUAL COUNCIL'S AGENDA.
- RAIFFEISEN INFORMATIK BUY OF PC-WARE AUTHORISED.
- MOBILE TELEPHONY : REDING OBTAINS "STRONG AGREEMENT" ON ROAMING.
Most Recent Technology Publications
Most Popular Technology Articles
- What is precision air conditioning and why is it necessary?
- Business process re-engineering in the small firm: A case study
- BizRate to monitor in-store customer satisfaction for Office Depot stores - Market Intelligence
- Base course modification through stabilization using cement and bitumen
- Speed control of separately excited DC motor
Most Popular Technology Publications
Content provided in partnership with http://findarticles.com/source//
Sponsored by Merrill Lynch