Ebay has completed its acquisition of mobile.de, an online classifieds Web site for vehicles in Germany.
The San Jose, CA-based online auction titan is acquiring all outstanding shares of mobile.de for approximately EUR 121 million in cash, (US$149 million).
Meanwhile, Travelocity’s Travelocity Europe, a joint venture with Otto Freizeit und Touristik (OFT), will acquire travelchannel.de (www.travelchannel.de ), a German online travel site, subject to the approval of European regulatory authorities.
“Travelocity’s expansion in Europe is a high priority for us and the acquisition of travelchannel.de will play a key role in accelerating our growth in Germany and beyond,” said Michelle Peluso, president and CEO, Travelocity.
Hamburg-based Travelchannel Ltd was founded by publisher Gruner + Jahr in 1999. In 2000, OFT purchased a 50% stake in the company and purchased the remaining shares in 2003.
