A PYMNTS Company

US: Expedia to buy Orbitz for $1.34 Billion

By  |  February 12, 2015

Expedia agreed to acquire Orbitz Worldwide for $1.34 billion in cash, seeking to reclaim the lead in global online travel bookings from Priceline.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    While Expedia and larger rival Priceline Group, have embarked on acquisitions sprees to dominate the online travel business the Orbitz deal is likely to get US regulatory approval Reuters reported.

    Expedia bought Travelocity in January and Wotif Group in November.

    “One of the things that Orbitz brings to us is a very strong brand, a very strong customer base,” Okerstrom Chief Financial Officer Mark Okerstrom said.

    Full Content: Reuters

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.