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US: Could the Expedia-Orbitz deal be approved by Justice Department soon?

 |  July 30, 2015

Expedia’s controversial deal to acquire online travel rival Orbitz for $1.6 billion is expected to get the green light from antitrust officials, Yahoo reports.

“It is going to be cleared,” predicted a source close to the situation, adding that the combination could win regulatory approval by the end of August.

The Department of Justice has been scrutinizing the deal, which will put many of the top travel sites under one roof. Hotels, airlines and other industry players are squawking over the combination, fearing the travel giant will drive a wedge between them and their customers.

Last month, UBS estimated that Expedia — which already owns Hotels.com, CheapTickets.com and Travelocity — would have a 73 percent share of the US online travel agency market.

Full content: Yahoo! News

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