QUOTE AND NEWS
TheStreet.com  May 27  Comment 
NEW YORK (TheStreet) -- Shares of Expedia Inc. rose 0.35% to $111.03 after Cantor Fitzgerald increased its price target to $120 from $110 and maintained its "buy" rating. The online travel company sold its equity stake in eLong , a...
Benzinga  May 27  Comment 
In a report published Wednesday, Cantor Fitzgerald analysts maintained a Buy rating on Expedia, Inc. (NASDAQ: EXPE), while raising the price target from $110 to $120, following the announcement by the company of its intention to divest its...
Forbes  May 27  Comment 
In a major divestment move, Expedia ended its 10-and-a-half year relationship with eLong by selling its 62.4% stake in the company to investors, including Ctrip, on May 22nd. The other investors who also purchased a stake in eLong include...
Benzinga  May 26  Comment 
In a report published Tuesday, Bank of America analyst Justin Post reiterated a Buy rating on Expedia Inc (NASDAQ: EXPE) with a price target boosted to $125 from a previous $109 after the company sold its approximate 65 percent majority position...
TechCrunch  May 25  Comment 
 It’s been a pretty busy and expensive 2015 so far for Expedia — which forked out $280 million to buy Travelcity in February, before shelling out $1.6 billion for Orbitz a week later — but the travel giant is divesting one major asset after...
Benzinga  May 22  Comment 
Expedia Inc (NASDAQ: EXPE) sold its entire 62.4 percent stake in the loosing Chinese hotel reservations company eLong, Inc. (ADR) (NASDAQ: LONG) for $671 million, the company said Friday. Expedia rose more than 5 percent to $111.47; eLong...
Motley Fool  May 22  Comment 
Are the Chinese travel stocks' pops meaningful? Or just another movement?
Benzinga  May 22  Comment 
eLong, Inc. (ADR) (NASDAQ: LONG) shares jumped 30.76 percent to $27.00 following the announcement of Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) stake. Ctrip acquired a 37.6 percent equity stake in eLong. Oncothyreon Inc (USA) (NASDAQ:...




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eLong Inc. (LONG) operates a travel website in China where users can purchase plane tickets and make hotel reservations for travel both domestically in China and internationally. As of 2011, the company offered users the ability to book hotel rooms in over 17,000 hotels in China and 120,000 hotels in over 100 countries worldwide. [1]

The company's hotel booking product accounted for the majority of FY 2010 revenue, approximately 68%, air ticketing was 24%, other revenues were the remaining 8%.

eLong is a subsidiary of Expedia (holder of 56% of eLong's shares as of May 2011).[2] The second largest shareholder as of May 2011 was Tencent Holdings.[2]

References

  1. Company Product Description
  2. 2.0 2.1 Press release - Expedia, Tencent investments in eLong
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