Topic
6 facts from 2 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2001
Brad Gerstner said that between October 2000 and May 2001 a deal was assembled in which USA Networks, later renamed IAC, bought both National Leisure Group and Expedia.
“And between October of 2000, May of 2001, we put together a deal where USA Networks would be renamed IAC, bought both NLG and Expedia.”
2001
After September 11, 2001, IAC chose to proceed with buying Expedia despite a material-adverse-change clause that allowed it to withdraw, after Barry Diller said travel would endure.
“He said, you know, if there isn't travel, there isn't life. So like, you know, everyone like looked at each other. We're like, let's go for this. Let's do it.”
2004
Dara Khosrowshahi served as CEO of Expedia from 2004 to 2017, a period of 13 years.
“you were the CEO of Expedia from 2004 to 2017. Is that right?”
Undated
IAC bought Microsoft's controlling stake in Expedia after Microsoft decided the business was non-core.
“Yeah, we bought Microsoft stake. Microsoft decided it's non-core and we bought Microsoft controlling stake.”
Undated
Dara said Expedia focused more on consumer demand and brand, while Booking.com was more supply-led.
“Expedia was probably more focused on building demand, kind of consumer demand, brand, etc. Booking was more supply-led.”
Undated
Dara said Expedia's take rate was 25% versus Booking.com's 15%, and he lowered Expedia's to the teens over 13 years.
“Expedia's take rate was 25% and bookings take rate was 15. And over like a torturous 13 years, we took Expedia's take rate from 25% to the teens.”
Episodes