WhereDaily News: Fodor's Travel to Be Acquired by Internet Brands From Penguin Random House

LOS ANGELES, CA and NEW YORK, NY--(Marketwired - Jun 21, 2016) - Penguin Random House, the world's largest trade-book publisher, has reached an agreement to sell Fodor's, the preeminent travel-content brand, to Internet Brands, a leading Los Angeles-based online media and technology company, whose well-known travel websites such as FlyerTalk.com and Wikitravel.org attract 30 million monthly visitors. The agreement reflects the growing value and potential of digital and mobile consumer engagement with travel information and content. Terms of the transaction were not made public. The closing between the parties is expected to be completed shortly.

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