Expedia Spent $279 Million on Acquisitions in Q1, Airbnb Gained $70 Million on Tiqets Deal: Scoop
Photo Credit: A Tiqets company sign Tiqets
Skift Take
Expedia was the company that acquired Tiqets. Airbnb didn't buy the experiences brand, but seems to have made a solid return on its Tiqets investment when it cashed out.
Expedia Group spent $279 million on acquisitions in the first quarter, driven by the closing of its deal to buy the Amsterdam-based Tiqets brand.
Expedia disclosed the spending in its its 10-Q financial filing published Friday, but didn't tie it to its acquisition of the Amsterdam-based experiences brand.
Meanwhile, Airbnb, an investor in Tiqets, looks to have made $70 million on the deal. Airbnb disclosed the $70 million gain in its Q1 sha