Expedia Grabs $3.2 Billion in Private Equity Financing and Appoints Peter Kern CEO

Expedia Group on Thursday said it appointed Peter Kern CEO, secured $3.2 billion in financing from two prominent private equity companies, and announced that it will be implementing furloughs and reduced work hours. The company also stated that it will be eliminate issuing dividends to shareholders until its business recovers from the coronavirus crisis. Kern, […] …read more

Source:: Yahoo Finance

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