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Expedia to buy Orbitz for $1.6B

Friday, February 13, 2015 | More »

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NASDAQ-listed Expedia, Inc is acquiring Orbitz Worldwide, Inc, a rival online travel service provider at an enterprise value of $1.6 billion including around $260 million debt, in a move which would arguably push it just marginally ahead of arch rival Priceline as the top player in the industry. The...