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Tuesday, 02/17/2015 7:23:47 AM

Tuesday, February 17, 2015 7:23:47 AM

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Expedia increases stake in AirAsia-Expedia JV for $86.3M
Expedia announced that it has entered into an agreement with AirAsia Berhad to purchase an additional 25% equity interest of AAE Travel Pte., the joint venture formed between the two companies in 2011, for cash consideration of $86.3M. This investment will increase Expedia's total ownership in the joint venture to 75%

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