Expedia to acquire majority stake in SilverRail

Expedia is to acquire a majority stake in SilverRail Technologies.

SILVERRAIL: A definitive agreement for online travel group Expedia to acquire a majority stake in rail ticket retailing and distribution platform developer SilverRail Technologies was announced on May 12. The transaction is expected to close in mid-2017, subject to conditions including regulatory approval. Terms were not disclosed.

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