Expedia Buying Orbitz for $1.6 Billion
Skift Take
It's just Priceline Vs. Expedia now in the U.S., at least for now.
It is a two-horse race now in the online travel booking world: Expedia is buying Orbitz for about $1.6 billion in cash. This comes after Expedia announced that it was buying Travelocity last month for a paltry $280 million.
Shares in Expedia rose nearly 10% in pre-market trading, while Orbitz rose over 21%.
Related: It’s Expedia Against Everyone Else After Orbitz and Travelocity Deals
Details of the $1.6 billion deal:
Expedia will acquire all of Orbitz's brands, including consumer brands Orbitz, ebookers,
