Interactive on takeover trail
InteractiveCorp, one of the companies that has been linked to a possible takeover of online retailer lastminute.com, has not ruled out making further acquisitions.
The company, whose subsidiaries include Expedia and Hotels.com, has reported a 72% growth in revenue. Its chairman and chief executive Barry Diller said the company would be looking at making some large scale acquisitions by the end of the year.
InteractiveCorp, previously known as USA Interactive, saw its travel-services revenue increase by 72% from $379.1million to $653.4 million thanks to double-digit growth from Expedia and Hotels.com. Gross bookings at Expedia increased to over $2 billion, a 53% rise.
Meanwhile shares in Lastminute.com broke the 250pence barrier on Thursday following the posting of positive results earlier in the week and continued takeover speculation.
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