Expedia CFO: We Have Our Eyes Open For More Acquisitions in 2016
Photo Credit: Expedia CFO Mark Okerstrom says the company will have its 'eyes open' for companies to acquire in 2016. Expedia
Skift Take
Expedia checked off several items atop its acquisition shopping list in 2015 but it isn't done yet. As its CEO says, "We will continue to shoot bullets and see what's out there in the world."
Having acquired Travelocity, Orbitz Worldwide, and HomeAway, made a minority investment in Latin America's Decolar and bought out its joint venture with AirAsia in 2015 for more than $6 billion in merger and acquisition activity, Expedia isn't done yet in 2016.
"I think you'll know we'll always be opportunistic and the M&A team is never closed for business," Expedia Inc. CFO Mark Okerstrom told Skift February 10. "We are always on the hunt for interesting opportunities and we are fortunate to have a very strong balance sheet to enable us to do it. We are also very fortunate to have an incredibly strong core business that gives us the confidence to go out and do some of thes
