Expedia Acquires Newtrade Technologies

On October 14, 2002, Washington, Bellevue-based Expedia, Inc., an online travel service, announced that it would acquire Montreal-based Newtrade Technologies. Newtrade develops open-standard technology that enables connectivity between hotel reservation systems and electronic distribution channels. The transaction, completed on October 28, 2002, was structured as an asset purchase transaction through a Canadian affiliate, Expedia Nova Scotia Corporation. The value of the deal is undisclosed.

Expedia was represented by in-house counsel Maja Chaffe and Mark Britton, and by Ogilvy Renault with a team consisting of Francis Legault and Marc Tremblay (corporate), John Leopardi (tax), Daniel Paul (intellectual technology) and Louise Laplante and Marie-Hélène Jetté (labour).

Newtrade, its founders and venture capital investors, including Investissement Desjardins and Innovatech du Grand Montréal, were represented by Osler, Hoskin & Harcourt LLP with a team that included Shahir Guindi and François Leblanc (corporate), François Auger and Michel Ranger (tax) and Donna White and Marisia Campbell (intellectual property).


Daniel J. Paul Donna G. White Shahir Guindi John Leopardi L. Marisia Campbell François Leblanc Louise Laplante Marc A. Tremblay Marie-Hélène Jetté Francis R. Legault François Auger Michel M. Ranger