Priceline, Expedia and Alibaba Add to Their Mammoth Acquisition War Chests
Skift Take
Being a leading online travel company these days means adding expensive pieces to the portfolio, and both the Priceline Group and Expedia Inc. are signaling that their acquisition sprees are far from being finished.
Although valuations are soaring in the travel industry and beyond, have no fear that the Priceline Group and Expedia Inc. wouldn't be able to keep up with the market: Both are well-positioned to keep on acquiring companies as they offer senior notes to boost their bankrolls.
And then there's Alibaba, which has a travel business and just raised $25 billion in the world's largest IPO. At the end of the second quarter, Alibaba had about $8.5 billion in cash and equivalents at its disposal for acquisitions and other corporate p
