Mere days after announcing a $4.5 billion buyout effort, USA Interactive is backing away from the deal, citing sour market reaction. "It's interesting that [investors] would pan it," Morningstar.com analyst George Nichols told the E-Commerce Times. "Often, a move like this would help the stock be...
Priceline.com has bought the domain name and trademark assets of onetime competitor Lowestfare.com, which stopped selling airline tickets a month ago. The deal is the latest in a string of partnership announcements and buyout attempts in the sector. Terms of the pact were not disclosed, although ...
Yahoo! has expanded and extended a strategic alliance with Travelocity and parent company Sabre Holdings that will give Travelocity exclusive billing on the portal giant's Web site. The deal calls for the portal to receive a share of revenue generated when Travelocity books air travel, car rental...
USA Interactive has announced it will launch simultaneous buyout efforts that could give it full ownership of three major e-commerce players: Expedia.com, Ticketmaster and Hotels.com. In total, the deals could be worth $4.5 billion. USA said the takeover attempts should not be considered hostile....
March was not a big month for e-commerce, according to Internet research firm Jupiter Media Metrix. For the most part, Web users put away their wallets and flocked to sites about religion and entertainment, though travel sites also gained ground. Easter and Passover observances during the month d...
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