Expedia Tightens Domestic Hold With Orbitz Purchase

By | February 12, 2015

Scalper1 News

Expedia is further digging its heels into the domestic travel-booking market with its announced acquisition Thursday of Orbitz Worldwide, after the online travel agency shopped abroad last year to compete with archrival Priceline. The $1.6 billion, $12-a-share Orbitz (OWW) deal is the latest in a string of purchases for Bellevue, Wash.-based Expedia (EXPE), which announced just three weeks ago that it bought Travelocity for $280 Scalper1 News

Scalper1 News