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 3rd-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.




Info Sources:

http://www.usatoday.com/story/money/business/2015/02/12/expedia-is-buying-orbitz-worldwide-for-12-per-share/23283797

http://www.expediainc.com/news-release/?aid=123202&fid=99&yy=2015