Ebookers Jumps on Takeover Talk
Internet travel portal
Ebookers
(EBKR)
was drawing substantial buying interest on Friday, as speculation emerged that the company might become the target of a takeover bid.
According to
Briefing.com
, rumors are circulating that Ebookers could be the next online travel business to be acquired in the wake of
USA Interactive's
(USAI) - Get Report
takeover of
Expedia
(EXPE) - Get Report
and
Hotels.com
(ROOM)
. The report didn't name a prospective buyer.
Shares of Ebookers, which is based in London, were climbing $1.82, or 15%, to $13.77 on more than three times the normal trading volume.
Briefing
reported that talk making the rounds suggests that given the discount Ebookers trades at relative to Expedia's takeover price, any offer would come at a sizeable premium.