Expedia To Buy Rival Orbitz For $1.3 Billion
Expedia acquired travel site Orbitz, its third in the past four months. The two companies announced the acquisition Thursday.By Madison Conklin | February 12, 2015
Expedia is adding rival site, Orbitz Worldwide, to its repertoire of travel sites.
The second largest travel site — just after Priceline Group Inc. — announced its purchase of Orbitz Worldwide Thursday for about $1.3 billion dollars.
Expedia's president and CEO said in a statement: "We are attracted to the Orbitz Worldwide business because of its strong brands and impressive team. This acquisition will allow us to deliver best-in-class experiences to an even wider set of travelers all over the world."