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covid-19 travel

Expedia Seals Investment Deal, Names New CEO

By
Wendy Pollack
· · Source: The Wall Street Journal

Expedia named Peter Kern, its vice chairman, as its new chief executive, four months after the travel booking site’s previous CEO and CFO departed amid a clash with board chairman Barry Diller. Expedia, which operates Travelocity, Vrbo and Orbitz, also confirmed it was taking an investment of $1.2 billion from two private-equity firms, and will issue $2 billion in debt as the company scrambles...

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