Wednesday, July 02, 2008
Expedia and TravelGuru - the deal is going to happen
A post yesterday on Expedia investing in TravelGuru was followed up by an update with a very undenial worded denial from TravelGuru. A source tells me that both parties are deep in negotiation and have either signed or are at least sharpening the pencils and lining up the celebratory streamers. Still no word on final valuation number but we can assume that the eLong experience is driving Expedia to be very conservative.
A deal is never over until the fat lawyer sings but if rumours are right then I can hear the light sounds of legally trained vocal chords warming up.