Expedia's (EXPE) Wotif Deal Being Delayed in New Zealand, FBR Capital Notes

FBR Capital analyst Jake Fuller notes Expedia's (NASDAQ: EXPE) deal to acquire Wotif is being delayed by New Zealand regulators.

Fuller Highlights: 1) Australian regulators cleared the deal, but New Zealand has requested more info, 2) A decision on the deal is expected by 11/5 and that could push completion out to 11/14 assuming a positive outcome, 3) Our estimates include $20M of Wotif revenue in 4Q and $135M in 2015.

The firm maintained an Outperform rating and price target of $100 on EXPE.

For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.

Shares of Expedia closed at $79.01 yesterday.

You May Also Be Interested In

• Paramount Global (PARA) and Skydance are closer to a merger - CNBC
• AssetMark Financial Holdings Inc. (AMK) Signs Definitive Agreement to be Acquired by GTCR
• Snow Lake Resources (LITM) Acquires Black Lake Uranium Project in the Athabasca Basin, Saskatchewan