EBOOKERS.COM (ebkr) - priceline/expdia of Europe Message Board

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Technology Stocks : EBOOKERS.COM (ebkr) - priceline/expdia of Europe

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To: blankmind who wrote (46)	12/28/1999 12:30:00 AM
From: Gary Korn	Read Replies (1) of 85

12/27/99 Reuters Eng. News Serv. 04:25:00 Reuters English News Service C) Reuters Limited 1999. Monday, December 27, 1999 UK: Ebookers.com buys Swedish Internet travel company. LONDON, Dec 27 (Reuters) - British online travel company ebookers.com said on Monday it had agreed to buy STT Airways AB, a Swedish Internet travel firm with total sales of $26 million in 1999. STT is a holding company whose subsidiary Bijettakuten AB (www.bijettakuten.se) is one of Swden's leading online discounted fares agencies, and the acquisition also includes a business-to-business wholesale tradaitional travel company and a travel company selling to corporate businesses. The purchase price was not disclosed, but ebookers.com said in a statement that it had now spent $6 million on acquisitions since its IPO on the Nasdaq and Neuer Market in November 1999 - two in Germany and one each in Finland and Sweden. The Swedish deal "further consolidates e.bookers.com's strategic position and infrastructure as Europe's leading online travel specialist," the company said. STT had Internet sales of some $3.5 billion in 1999, and such sales are growing rapidly, with annualised sales for the last two months at approximately $5 million. Sweden has the third highest Internet penetration of any country in the world, at some 30 percent, and ebookers.com said the buy also gives it access to another $22.5 million of sales capable of being converted into Internet sales. ((Quentin Bryar, London Newsroom +44 207 542 7717, fax +44 207 583 3769, uk.equities.news@reuters.com)). ---- INDEX REFERENCES ---- COMPANY (TICKER): Ebookers.Com Plc; Ebookers.Com Plc (EBKR U.EBK)

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