Is Expedia Buying Travelguru?

Posted on June 30, 2008 by Snigdha Sengupta

There’s some confusion. Or shall we say competition? News reported first by 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…

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