Trade Expedia Group
Expedia Group, Inc. is an American online travel shopping company for consumers and small business travel. Its websites, which are primarily taxi collectors and super-search engines for travel, include Expedia.com, VRPO (formerly HomeAway), Hotels.com, Hotwire.com, Orbitz, Travelocity, trivago and CarRentals.com.Com for Rich Barton, the company's CEO, and the word "Expedia" derived from a combination of "exploration" and "speed." Founded as a division of Microsoft in October 1996, Expedia was spun off into a public company in 1999.In 2001, IAC/InterActiveCorp (then known as U.S. Networks Inc.) bought a controlling stake in the company for an estimated $1.5 billion. In 2003, it was purchased entirely by IAC/InterActiveCorp and became part of IAC Travel. Rich Barton resigned as CEO and was replaced by Eric Blashford. in December 2004, IAC announced plans to spin off IAC travel to Expedia. The new CEO of Dara Khosrowshahi has been announced. in August 2005, IAC Weave Off Expedia Inc., which owns the travel group of companies, including Expedia, Expedia Travel Companies (now Egencia), TripAdvisor, Classic Holidays, eLong, Hotels.com, Hotwire.com.In December 2011, Expedia, And Trip Advisor Media Group, retaining its portfolio of travel transaction brands. On December 21, 2012, Expedia bought a majority stake in travel engine Metasearch Trivago in a cash and share deal worth 477 million euros (about $630 million). In 2012, Egencia's Expedia unit acquired Via Travel, the largest Travel company Norway.In 2012, Expedia got dream vacation, a travel company in Mexico for $200 million.