Expedia Raises $3.2B and Gets a New CEO
In Expedia’s announcement about their $3.2B in new funding and new CEO, Barry Diller said, “We are unable to make any predictions as to when travel will rebound but we emphatically believe that it will.”
Despite the uncertainty, Silver Lake clearly thinks now is the time to invest in travel. Over the last few weeks, they announced a $1B investment in Airbnb and a $1.2B investment in Expedia.
The cool thing about PE firms investing in public companies is you can join them for the ride and buy $EXPE shares on the open market. What do you all think? Time to buy?