Paytm Expands Its Travel Biz With Acquisition Of NightStay

Noida-headquartered digital payments company Paytm has strengthened its travel business with the acquisition of Noida-based last-minute hotel booking app, NightStay for an undisclosed amount. The confirmation of acquisition comes nearly six months after reports surfaced thatPaytm may acquire NightStay for $20 Mn (INR 142 Cr). After the acquisition, NightStay founder Nasr Khan will lead the hotel-booking services at Paytm. NightStay: Why It Aligns With Paytm? Founded by Nasr Khan in December 2014, NightStay offers hotels an open and flexible option to provide flash accessibility on its app. Hoteliers can make their…

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Expedia reports Q4 loss on acquisition costs, slumping Europe bookings

A combination of acquisition costs and the impact of November’s terrorist attacks in Paris led to a fourth-quarter loss for Expedia Inc., but shares surged 11% in after-hours trading Wednesday after CFO Mark Okerstrom said the company is expecting earnings to rise 35-45% in 2016 as Orbitz and HomeAway are fully integrated into operations. Expedia closed on its acquisitions of Orbitz and HomeAway last September and December, respectively. Expedia took a $12.5 million loss, compared to a $66 million net profit in the previous year’s fourth quarter. Bolstered by the…

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