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Mergers & Acquisitions

Oct. 14, 2003

InterActive Buys Hotwire.com Site For $685 Million

Broadening the scope of its online travel services, e-commerce company InterActiveCorp has agreed to buy discount travel Web site Hotwire.com of San Francisco.

By Toni Vranjes
        Broadening the scope of its online travel services, e-commerce company InterActiveCorp has agreed to buy discount travel Web site Hotwire.com of San Francisco.
        The purchase price is $665 million in cash, plus $20 million of options and warrants.
        New York-based Int...

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