Comments on: Updated: Expedia Acquires India OTA TravelGuru: Report; TravelGuru Denies

By: vBharat.com » Updated: Expedia Acquires India OTA TravelGuru: Report; TravelGuru Denies

Sun, 06 Jul 2008 04:38:42 +0000

From vBharat.com » Updated: Expedia Acquires India OTA TravelGuru: Report; TravelGuru Denies…

TravelGuru CEO Ashwin Damera’s response to Medianama.com regarding the story about the company being acquired by Expedia….

By: MEDIANAMA | The Week That Was (Jun 27-Jul 4 ‘08)

MEDIANAMA | The Week That Was (Jun 27-Jul 4 ‘08) — Sat, 05 Jul 2008 03:48:15 +0000

[...] Times Private Treaties – Why Webaroo Would Need As Much As $10 Million In Funding – Updated: Expedia Acquires India OTA TravelGuru: Report; TravelGuru Denies – Bharti Airtel To Focus On Livelihood, Education & Healthcare For Rural Outreach – [...]

By: gautamkumar

gautamkumar — Tue, 01 Jul 2008 15:36:16 +0000

Ths is all M&A speak for – deal in the making. Just stuck on valuations. 30 Mn is what expedia wants to shell out probably.75 is what travelguru and gang are holding out for. If one goes by earlier valuations of OTA’s based on their last fund raising rounds (early 2008), then MMT would be tops and then cleartrip. One has it on good word that both these guys would be happy to get anywhere near 75 !
Expedia is going to drive a hard bargain, as they should since the whole travel buisiness is winding down for a bit of a recession/consolidation – much like the LCC;s that they service!

So projected nos are under a cloud.

By: Expedia Picks Up Majority Stake In TravelGuru? | WildBlueSkies - Trends and strategies in Digital Media

Tue, 01 Jul 2008 08:01:06 +0000

[...] to contribute the biggest chunk of the Rs. 9000 crore Indian ecommerce market. According to this post in MediaNama however, while no deal appears to have been made as yet, the possibility of one in the [...]

By: Santosh

Santosh — Tue, 01 Jul 2008 07:04:24 +0000

We have seen this in US, the war of TV Cos. Watch the movie “Mad House”. The similar things are happening in India as well on TV but this must be the 1st time that jurnos covering Digital News are into these kind of practice. Thanks to Nikhil who showed responsible reporting. Lets wait for announcement from TG

By: Rohit

Rohit — Mon, 30 Jun 2008 20:26:06 +0000

Interestingly, VCCircle now says the valuation could be around USD 75 million..
http://www.vccircle.com/2008/06/30/exclusive-travelguru-sells-majority-stake-to-expedia-for-17-million/

I guess its better to wait for Travelguru to make an official statement rather than believe such unrealistic figures (though the new figure of USD 75 million looks a bit closer to the target)..

By: Expedia acquires TravelGuru stake - No Deal | StartupDunia focuses on Indian startups, Web 2.0, Indian Internet industry and entrepreneurship in India

Mon, 30 Jun 2008 18:38:58 +0000

[...] has an update from TravelGuru CEO Ashwin Damera that ongoing rumors of Expedia acquiring majority stake in [...]

By: is expedia buying travelguru? « startupcentral

is expedia buying travelguru? « startupcentral — Mon, 30 Jun 2008 16:56:59 +0000

[...] Posted by Snigdha on June 30, 2008 There’s some confusion. Or shall we say competition? News reported first on VC Circle this morning said that Expedia has bought a majority stake in Mumbai-based travel services portal TravelGuru. The report puts the size of the deal at $17 million and additionally, Expedia reserves the right to up its stake in TravelGuru in future. Simple enough so far. But just I am about to compose my thoughts on how the ongoing consolidation in the online travel space has moved to the next level, comes this denial of sorts on the deal from TravelGuru CEO Ashwin Damera on Medianama. [...]