Expedia to buy Orbitz for $1.3 billion
In a move that will create a travel booking giant, Expedia on Thursday announced it would acquire Orbitz Worldwide for roughly $1.3 billion.
The deal furthers Expedia's aggressive buy-up of rival travel sites. Last November, the company nabbed Australia's Wotif Holdings Ltd., then turned around and gobbled up Travelocity for $280 million
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