Powered by

Expedia to rack up $3.2bn, Apollo Global and Silver Lake to invest

Apr 29, 2020 - peHUB
Board and Executive Moves-Investments

Online travel booking company Expedia Group Inc is raising $3.2 billion in funding, which will include a $1.2 billion private placement of perpetual preferred stock and about $2 billion in debt financing. Apollo Global Management Inc and Silver Lake will provide the equity investment. At the closing of the deal, David Sambur, co-lead partner of Apollo's private equity business, and Greg Mondre, co-CEO and managing partner of Silver Lake, will join Expedia's board of directors. J.P. Morgan and Mo...