"The company struck its second acquisition in two months on Thursday, agreeing to buy Orbitz Worldwide for about $1.3 billion in cash to add yet another well-known brand to its ranks.Expedia to Acquire Orbitz as Travel Sites Consolidate - NYTimes.com
The transaction further solidifies the American market for online travel booking to two companies, Expedia and the much bigger Priceline Group. Still, both companies continue to face competition as new rivals like Google and the start-up Hipmunk enter their business."
Friday, February 13, 2015
Expedia to Acquire Orbitz as Travel Sites Consolidate - NYTimes.com
Preparing for the next wave of disruptive competition