Why Expedia Thinks It Got Great at Acquisitions
Photo Caption: Expedia wasn't done after it acquired Orbitz Worldwide and then went on to announce its $3.9 billion acquisition of HomeAway, as well.
Skift Take
Everyone knows that being nimble enough to test and introduce new technology is a tremendous advantage. Behind the scenes, though, Expedia got good at another skill -- moving really fast to identify and make acquisitions.
Over the last year, Expedia Inc. has acquired Travelocity, Wotif, Orbitz Worldwide and soon HomeAway, and CFO Mark Okerstrom thinks Expedia has honed its mergers and acquisitions skills in the process and "can move incredibly, incredibly quickly" once it identifies a target.
Okerstrom talked about the secret sauce behind Expedia Inc.'s mergers and acquisitions skills at a recent investors conference, the RBC Capital Markets TMT Investor Conference November 10.
"Yes, I think our competencies have improved a few fold," Okerstrom said during a question and answer session with RBC's Mark Mahoney. "I think one, we view the mergers and acquisitions team and that f
