Scalper1 News
Expedia’s purchase of Travelocity from Sabre for $280 million in cash last month represents a final exchange of wedding vows in what’s been a successful partnership between two online travel pioneers. The merger solidifies Expedia’s (EXPE) position in online travel, where it’s No. 1 in U.S. gross travel bookings but faces pitched competition from Priceline (PCLN). Priceline leads in overseas bookings and is allied with China’s Ctrip.com Scalper1 News
Scalper1 News