Expedia’s Acquisitions: Orbitz Buy Caps Off 3 Years of Major Deals
Photo Credit: These are Expedia's brands, with Orbitz Worldwide added to the roster. Expedia Inc.
Skift Take
It was a helluva ride but the Expedia-Orbitz deal was never in serious jeopardy because there is plenty of competition despite the Expedia-Travelocity-Orbitz consolidation. But if Expedia gets greedy in the future and uses its new powers unwisely, you can bet that regulators will pounce.
It's a done deal.
Expedia Inc. completed its acquisition Orbitz Worldwide and its roughly seven brands for some $1.3 billion, capping a three-year period in which the Bellevue, Washington-based online travel agency made six major acquisitions. Meanwhile, Orbitz Worldwide, or OWW, delisted its stock from Nasdaq.
In addition to adding Orbitz Worldwide to its portfolio today, in 2015 Expedia also acquired Travelocity for $280 million and became the 75 percent shareholder of its AirAsia joint venture, picking up an additional 25 percent of the enterprise for $86.3 million.
There were two major deals in 2014 as Expedia acquired Wotif in Australia
