Expedia on Track for $350 Million Acquisition of CarTrawler: Scoop

Key Points

• Expedia is in advanced discussions to acquire Irish ground-transportation platform CarTrawler for around $350 million.
• The acquisition would strengthen Expedia's B2B unit by expanding car-rental and ground-transportation services for partner organizations.
• There is no certainty the deal will be finalized, and both companies declined to comment on the ongoing negotiations.

Summary

Expedia Group is reportedly moving forward with a potential $350 million acquisition of CarTrawler, an Irish B2B ground-transportation platform, to enhance its offerings for business partners such as airlines and travel agencies. The deal, which could still change in terms or fall through, follows Expedia's recent acquisitions aimed at growing its B2B segment. Both Expedia and CarTrawler have declined to comment on the ongoing talks.