8-KRegulation FDExhibits & Filings

Expedia Group, Inc. 8-K Report, Regulation FD Disclosure (Nov 2, 2021)

Filed November 2, 2021For Securities:EXPE

Summary

Expedia Group, Inc. (EXPE) announced on November 2, 2021, the successful closing of the sale of its corporate travel division, Egencia, to American Express Global Business Travel (GBT). This divestiture, finalized under the Equity Contribution Agreement dated August 11, 2021, marks a significant strategic move for Expedia, allowing it to refocus on its core online travel agency (OTA) business. The transaction is expected to streamline Expedia's operations and potentially unlock value by shedding a non-core segment. Investors should note that this announcement was made via a press release, which is attached as an exhibit to the 8-K filing. While the information is being disclosed to the public, it's important to understand the disclaimer that this information is not deemed "filed" under Section 18 of the Exchange Act and does not automatically incorporate by reference into other SEC filings. The company also included cautionary statements regarding forward-looking statements, advising investors to consult the Company's 10-K and subsequent filings for a comprehensive understanding of associated risks.

Key Highlights

  • 1Expedia Group, Inc. has successfully closed the sale of its corporate travel division, Egencia.
  • 2The buyer of Egencia is American Express Global Business Travel (GBT).
  • 3The sale was completed on November 2, 2021.
  • 4The transaction was conducted pursuant to an Equity Contribution Agreement dated August 11, 2021.
  • 5This divestiture represents a strategic shift, allowing Expedia to focus on its core online travel booking business.
  • 6The press release announcing the closing is attached as an exhibit to the 8-K filing.
  • 7The company provided a disclaimer regarding the regulatory treatment of the disclosed information and cautioned about forward-looking statements.

Frequently Asked Questions

The main event is the closing of the sale of Expedia Group's corporate travel division, Egencia, to American Express Global Business Travel (GBT).

The sale allows Expedia to divest its corporate travel segment and refocus its resources and strategy on its core online travel agency (OTA) businesses, potentially simplifying its operations and enhancing shareholder value.

This 8-K filing includes a press release with details of the closing. For comprehensive financial information, risks, and forward-looking statements, investors should refer to Expedia's Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent periodic and current reports filed with the SEC.

No, according to the filing, the information in this Current Report on Form 8-K, including the attached press release, is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it automatically incorporated by reference into other filings unless expressly stated.