GOOD DAY, READERS.
Expedia is closing in on a $350 million acquisition of CarTrawler, a B2B platform that powers car rental and ground transportation for airlines, banks, and travel agencies. A source close to the deal says it’s moving “full steam ahead,” and the price could still go higher.
It’s the second major B2B deal Expedia has pursued this year, following its Tiqets acquisition in Q1. The strategy is becoming clear: Expedia wants to be the behind-the-scenes engine powering travel for partners well beyond hotels and flights. Both companies are staying tight-lipped, but with legal documents updated and bankers in the room, this one looks like it’s going somewhere.
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