Expedia buys Orbitz to increase its on-line journey empire
Trying to prolong its attain with people who ebook journey reservations on-line, Expedia is snatching up the competitors with a quickness. In the present day, the online-based mostly journey company introduced that it is buying Orbitz for round $1.6 billion, so the preferred choice within the US for looking flights, resorts and extra on the internet features the enterprise of the third-ranked website. The sale additionally consists of CheapTickets, ebookers and Lodge Membership along with a few B2B manufacturers. “This acquisition will permit us to ship greatest-in-class experiences to a good wider set of vacationers everywhere in the world,” stated Expedia’s president and CEO Dara Khosrowshahi. Expedia simply nabbed Travelocity final month for $280 million, and it already owned Inns.com and Hotwire — all in style locations for globe-trotting discount hunters.
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