in bellevue washington type public traded as nasdaq expe s & p 500 component industry travel technology founded october 22 1996 ; 19 years ago 1996 10 22 as a division of microsoft headquarters bellevue washington u.s. key people barry diller chairman dara khosrowshahi ceo mark okerstrom cfo products expedia.com hotels.com hotwire.com trivago egencia venere classic vacations expedia local expert travelocity orbitz homeaway carrentals.com revenue us 5.763 billion 2014 1 operating income us 517.8 million 2014 1 net income us 398.1 million 2014 1 total assets us 9.02 billion 2014 1 number of employees 18 000 december 2014 2 website www.expediainc.com expedia inc. is an american based parent company to several global online travel brands including expedia.com hotels.com hotwire.com trivago egencia formerly expedia corporate travel venere.com egencia expedia local expert classic vacations expedia cruiseshipcenters travelocity orbitz and homeaway . expedia inc. s companies operate more than 100 branded points of sale in more than 60 countries . expedia also powers travel bookings for over 10 000 partners such as airlines and hotels consumer brands and high traffic websites through expedia affiliate network 80 % of which is powered by their api . 3 expedia inc. is listed on nasdaq under the ticker symbol expe . 4 contents 1 history 2 south carolina sales tax suit 3 brands 4 competitors 5 mergers and acquisitions 5.1 acquisitions 5.2 divestitures 6 locations 7 accolades 8 notes 9 references 10 external links history edit founded as a division of microsoft in october 1996 expedia was spun off in 1999 and was later purchased by ticketmaster in 2001 5 ticketmaster changed its name to usa networks in 2001 and then interactivecorp in 2003 6 . iac spun off its travel group of businesses under the expedia inc. name in august 2005 including expedia expedia corporate travel now egencia tripadvisor classic vacations elong hotels.com and hotwire.com . 7 in late 2011 expedia inc. spun out tripadvisor media group retaining its portfolio of travel transaction brands . 8 on december 21 2012 expedia bought a majority stake in travel metasearch engine trivago in a combined cash and stock deal worth 477 million approximately 630 million . 9 according to richard barton their first ceo the word expedia is derived from a combination of exploration and speed and contains the high point scrabble letter x. in 2012 expedia s engecia unit acquired via travel the largest travel company in norway . 10 the acqusition boosted expedia s total sales making it the top earning travel company for 2013 . in 2013 expedia acquired 61 % of trivago one of the more popular metasearch companies . 11 on july 6 2014 it was announced that expedia inc had agreed to buy wotif.com holdings ltd an online travel company that covers the asia pacific region . wotif s brands include wotif.com lastminute.com.au and travel.com.au . 12 in october 2014 the australian competition and consumer commission approved expedia s acquisition of australian reservation service wotif.com for us610 million . 13 in january 2015 expedia acquired travelocity from sabre corp for 280 million . expedia previously partnered with travelocity to provide the technology platform for travelocity s us and canada points of sale . 14 in february 2015 expedia agreed to acquire orbitz for 1.2 billion in cash . 15 in september 2015 expedia got approval from us antitrust officials to acquire orbitz . 16 in 2015 expedia bought homeaway for 3.9 billion . 17 south carolina sales tax suit edit on 18 january 2011 travelscape a subsidiary of expedia inc. based in las vegas was ordered to pay 6.3 million in back sales taxes to south carolina by the state s supreme court . travelscape argued that south carolina s efforts to tax online retailers located out of state violate the dormant commerce clause . in a unanimous ruling the court determined that the company has a presence in the state sufficient to be required to collect sales tax . while travelscape does not have physical facilities in south carolina the court determined that frequent sales trips made by its employees and the fact that the company furnished hotel rooms in the state establish its presence for tax purposes . 18 brands edit carrentals.com cheaptickets classic vacations ebookers egencia previously known as expedia corporate travel . expedia expedia affiliate network expedia local expert homeaway hotels.com hotwire group orbitz travelocity trivago venere.com wotif.com competitors edit american express travel carlson wagonlit travel bcd travel hrg travel group bookit.com the priceline group booking.com agoda.com etc. travix international b.v. airbnb asiatravel.com tui travel mergers and acquisitions edit expedia s first acquisition was travelscape for us 89.75 million and vacationspot.com for us 80 million on march 17 2000 . it subsequently acquired classic custom vacations in march 2002 for 78 million . the company has made four divestments in which parts of the company are sold to another company . on december 31 2000 technology crossover ventures acquired a 7 % minority stake in expedia for 50 million . usa networks acquired a 65 % majority stake in the company on february 5 2002 for 1.372 billion and a year later on august 8 2003 usa interactive acquired expedia for 3.636 billion . expedia was ultimately spun off as a separate entity with a value of 7.981 billion . the company made the most acquisitions in 2002 when it acquired three companies classic custom vacations metropolitan travel and newtrade technologies . 19 in january 2015 expedia acquired the online travel agency travelocity from the tech firm sabre corporation for 280 million . 20 acquisitions edit date company business country value usd references 000000002000 03 17 0000march 17 2000 travelscape internet service provider united states 7007897500000000000 89 750 000 21 000000002 001 03 17 0000march 17 2001 vacationspot internet service provider united states 7007708500000000000 70 850 000 22 000000002 002 03 11 0000march 11 2002 classic custom vacations note 1 travel agency united states 7007780000000000000 78 000 000 23 000000002 002 07 11 0000july 11 2002 metropolitan travel travel agency united states 24 000000002 002 10 28 0000october 28 2002 newtrade technologies reservation software canada 25 000000002 004 04 05 0000april 5 2004 activity world travel and touring united states 26 000000002 004 04 12 0000april 12 2004 egencia travel agency france 27 000000002 008 07 15 0000july 15 2008 venere.com hotel booking engine italy 7008200000000000000 200 000 000 28 000000002 010 10 18 0000october 18 2010 mobiata mobile app developer united states 29 000000002 012 04 27 0000april 27 2012 via travel travel management company norway 30 000000002 013 03 12 0000march 12 2013 trivago gmbh hotel metasearch engine germany 7008564000000000000 564 000 000 31 000000002 014 07 06 0000july 6 2014 wotif travel agency australia 7008657000000000000 657 000 000 32 000000002 015 01 23 0000january 23 2015 travelocity travel agency united states 7008280000000000000 280 000 000 33 000000002 015 09 17 0000september 17 2015 orbitz travel agency united states 7009160000000000000 1 600 000 000 34 november 4 2015 homeaway holiday rental service united states 7009390000000000000 3 900 000 000 35 divestitures edit date acquirer target company target business acquirer country value usd references 000000002000 12 31 0000december 31 2000 technology crossover ventures expedia inc. note 2 online travel united states 7007500000000000000 50 000 000 36 000000002 002 02 05 0000february 5 2002 usa networks expedia inc. note 3 online travel united states 7009137200000000000 1 372 000 000 37 000000002 003 08 08 0000august 8 2003 usa interactive expedia inc. note 4 online travel united states 7009363600000000000 3 636 000 000 38 000000002 005 08 09 0000august 9 2005 iac interactivecorp expedia inc. note 5 online travel united states 7009798100000000000 7 981 000 000 39 locations edit expedia inc. maintains headquarters in downtown bellevue washington in a building named the expedia building . expedia occupies floors 3 to 19 and part of 20 of the 20 floor building which completed construction in 2008 . initially it was widely speculated that google wanted to occupy most of the building but a crane accident in 2006 caused delay and google backed out of the project . 40 on april 2 2015 expedia announced that they would move their headquarters to the interbay neighborhood of seattle by the end 2018 purchasing the amgen campus on the elliott bay waterfront for 228.9 million . 41 42 43 as part of the move expedia is proposing an expansion of office space at the 41 acre 17 ha campus to 1.23 million square feet 114 000 m2 to accommodate 4 500 employees designed by bohlin cywinski jackson . 44 45 the move was later pushed back to 2019 citing some logistical hurdles including the commute from the eastside to seattle as well as traffic congestion near the campus . 46 incentives for employees to seek alternative forms of transportation were also announced with the company exploring company shuttle services from park and rides in redmond . 47 accolades edit in 2008 expedia was named to the most admired internet companies in the united states list released by fortune . expedia ranked third after iac and google and was followed by amazon.com at fourth place . 48 national travel an affiliate of american express travel announced it has added expedia vacations to its suite of travel vendors . expedia inc. ranks high on fortune most admired list for 2008 expedia is ranked 3 in the internet service retailing industry and is included in the list of most admired companies in the state of washington . 48 expedia inc. named one of america s best managed companies by forbes forbes list of the 400 best managed public american companies with 1 billion or more in revenues includes expedia for the first time . 49 notes edit classic custom vacations was acquired from global vacation group . technology crossover ventures acquired a 7 % minority stake in expedia inc. usa networks acquired a 65 % majority stake of expedia inc. usa interactive acquired remaining interests in expedia inc. iac interactivecorp spun off expedia inc. references edit a b c d 1 expediainc.com financial information 2014 2 expediainc.com investor faqs driving real world enterprise & b2b results with apis pdf . mashery . retrieved 7 february 2013 . expedia . nasdaq . retrieved 7 february 2013 . expedia press room press releases usa interactive to change name to interactivecorp iac.com iac completes spin off of expedia inc. expediainc.com press release expedia inc. completes spin off of tripadvisor inc. expediainc.com press release 3 savitz eric . expedia s egencia unit buys norway based via travel . retrieved 2016 09 01 . chapman lizette 2012 12 21 . wsj pro venture capital . wall street journal . issn 0099 9660 . retrieved 2016 09 01 . expedia agrees to buy wotif for 658m . abc news . abc news . retrieved 7 july 2014 . australia clears expedia s 610 million wotif.com takeover . reuters 1 october 2014 expedia inc acquires travelocity in 280 million deal . reuters 23 january 2015 expedia buys orbitz for 1.6 b in cash to square up to priceline http www.cnet.com news expedias 1 3b acquisition of rival orbitz wins us approval expedia to buy homeaway for 3.9 billion . the new york times . the associated press . 2015 11 04 . travelscape told to pay back sales tax revenue by valerie miller las vegas business press 31 january 2011 expedia inc. mergers and acquisitions . thomson financial . retrieved 2008 10 31 . expedia inc acquires travelocity in 280 million deal . reuters 26 january 2015 expedia inc acquires travelscape.com 2000 03 17 . thomson financial . retrieved 2008 10 28 . expedia inc acquires vacationspot.com 2001 03 17 . thomson financial . retrieved 2008 10 28 . expedia inc acquires classic custom vacations from global vacation group inc 2002 03 11 . thomson financial . retrieved 2008 10 28 . expedia inc acquires metropolitan travel inc 2002 07 11 . thomson financial . retrieved 2008 10 28 . expedia inc