Web Reservation International sold for $340 million

Irish company Web Reservations International - parent company to booking site Hostelworld.com and reborn travel site Boo.com - says WRI’s initial plan was for an audacious 2008 IPO at a market cap almost double the company’s final selling price of about $340 million last week.

WRI was picked up by private equity firm Hellman and Friedman, to the surprise of many who assumed a travel giant such as Expedia or Priceline would make the acquisition.





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