Expedia makes $700 million take over bid for Wotif
Travel booking giant Expedia has made a $700 million take over offer for Expedia. With Wotif’s falling revenues, the offer has been deemed attractive by its Board. The company announced a $43 million profit for the 13/14 financial year. This is down from $51 million last financial year and, $58 million the previous year. Shares…
