Wouldn't be out of character for Expedia to attempt a take over. And percentage wise the fundamentals for Wotif are probably better than the Expedia group, but WTF is just so much smaller. Expedia could probably afford to pay +50% the current SP for Wotif and still pick up a bargain.
Depends how their first spend on the Aust market goes I suppose. By the sounds of things they like the margins here and might just try and grow market share.
WTF Price at posting:
$2.60 Sentiment: LT Buy Disclosure: Held
