Saturday February 14, 2015

Expedia to Buy Orbitz for $1.6 Billion

Expedia has shown an appetite for growth in the past few months, gobbling up rival Travelocity for $280M last month and now has its sights squarely on Orbitz Worldwide for the hefty price of $1.6 Billion.

For Expedia, the acquisition is primarily about growing its customer base: The companies offer similar services in overlapping markets.