Report: Expedia in Late Stage Discussions to Sell a Stake to PE Firms
Expedia (NASDAQ: EXPE) is holding advanced discussions with private equity firms Silver Lake and Apollo Global Management to sell a stake in the online travel company.
With travel coming to a screeching halt in the U.S. amid the COVID-19 pandemic and with travel bans instituted across the globe, Expedia has been negatively affected. As a result, it's now looking to shore up capital by potentially selling a stake to the two PE firms.
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Source Fool.com
