A federal grand jury has indicted four owners and key employees of a company that prosecutors said for years illegally cornered the market on the best concert and sporting event seats. The 60-page indictment accuses the men of directing an international conspiracy to defeat security schemes at Ticke...
The Department of Justice has cleared the path for Live Nation and Ticketmaster to merge -- but with several conditions attached, including significant support to companies that will be formed to provide competition. The two firms, which announced the possibility of a merger a year ago, have agreed ...
Shares of Ticketmaster Entertainment and Live Nation surged more than 15 percent in early trading Wednesday on press reports that the two companies could merge as soon as this week in a blockbuster deal that would change the landscape in concert and sports ticketing. Ticketmaster is one of the world...
President-elect Barack Obama has selected former Internet executive and venture capitalist Julius Genachowski to be the next head of the Federal Communications Commission. Genachowski, who was classmates with Obama at Harvard Law School, is expected to receive an easy confirmation from the U.S. Sena...
Seeking to unlock value from a years-long acquisition spree, IAC/Interactive said Monday it will split into five publicly traded companies, leaving the Ask.com search engine as the core IAC holding, along with other Internet interests. IAC's board has approved a plan to spin off four new companies: ...
In a move to distinguish itself from its successful travel properties in an increasingly competitive landscape, IAC/InterActiveCorp. will spin off Expedia and its other related travel Web sites next year as a separate publicly traded company, company officials said. "We believe greater value can be ...
Hotels.com's offices were evacuated and its stock suffered a sharp drop after a white powdery substance was discovered in the company's mailroom. Local authorities in McAllen, Texas, ordered the evacuation of the Hotels.com processing center -- where about 100 people process reservations made thr...
Expedia saw revenues climb sharply and income nearly double during the second quarter, a performance that -- at least temporarily -- might allay fears about slowing growth in the online travel space. Expedia said it saw growth on all fronts as gross bookings rose 66 percent to $1.33 billion, reve...
Expedia has rejected a takeover bid from USA Interactive, the online travel service's largest shareholder. The snub was not entirely unexpected. Many company officials and shareholders had denounced USA Interactive's intentions to buy the remaining 37 percent of Expedia. USA Interactive head Barr...
Mere days after announcing a $4.5 billion buyout effort, USA Interactive is backing away from the deal, citing sour market reaction. "It's interesting that [investors] would pan it," Morningstar.com analyst George Nichols told the E-Commerce Times. "Often, a move like this would help the stock be...
Priceline.com has bought the domain name and trademark assets of onetime competitor Lowestfare.com, which stopped selling airline tickets a month ago. The deal is the latest in a string of partnership announcements and buyout attempts in the sector. Terms of the pact were not disclosed, although ...
Yahoo! has expanded and extended a strategic alliance with Travelocity and parent company Sabre Holdings that will give Travelocity exclusive billing on the portal giant's Web site. The deal calls for the portal to receive a share of revenue generated when Travelocity books air travel, car rental...
USA Interactive has announced it will launch simultaneous buyout efforts that could give it full ownership of three major e-commerce players: Expedia.com, Ticketmaster and Hotels.com. In total, the deals could be worth $4.5 billion. USA said the takeover attempts should not be considered hostile...
March was not a big month for e-commerce, according to Internet research firm Jupiter Media Metrix. For the most part, Web users put away their wallets and flocked to sites about religion and entertainment, though travel sites also gained ground. Easter and Passover observances during the month d...
Yes - I'm more likely to buy with flexible payment options.
Sometimes - It depends on the item and terms.
Rarely - I typically prefer paying upfront to avoid debt.
Not at All - My purchase decisions are based on need and budget.
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