Thursday, February 12, 2015

Expedia buys Orbitz to expand its online travel empire


Looking to extend its reach with folks who book travel reservations online, Expedia is snatching up the competition with a quickness. Today, the web-based travel agency announced that it's purchasing Orbitz for around $1.6 billion, so the most popular option in the US for searching flights, hotels and more on the web gains the business of the third-ranked site. The sale also includes CheapTickets, ebookers and Hotel Club in addition to a couple of B2B brands. "This acquisition will allow us to deliver best-in-class experiences to an even wider set of travelers all over the world," said Expedia's president and CEO Dara Khosrowshahi. Expedia just nabbed Travelocity last month for $280 million, and it already owned Hotels.com and Hotwire -- all popular destinations for globe-trotting bargain hunters.


[Photo credit: David Paul Morris/Bloomberg via Getty Images]


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Via: USA Today


Source: Expedia


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