Ebookers Jumps on Takeover Talk

Rumors have emerged that the company might be bought for a sizeable premium.
By TSC Staff ,

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.

Loading ...