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Expedia Reportedly Near Deal To Sell $1B Stake To Silver Lake And Apollo

PYMNTS

Well-known private-equity firms Silver Lake and Apollo are poised to buy a $1 billion minority stake in Seattle-based travel listing giant Expedia Group Inc., Expedia runs travel booking brands including Travelocity, Orbitz and Vrbo. according to The Wall Street Journal.

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11 Lessons From Startup Chapter 11s

CB Insights

The company’s assets were acquired by Q Holdings in 2015, and the firm quietly relaunched the Quirky brand in 2017. Second, the thesis that one or two brands would quickly go on to own on-demand food turned out to be either wrong or too early. Julep started out as a single nail salon in Seattle. Declared Bankruptcy: 2018.

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