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Business News/ Companies / Online travel agency Expedia to buy rival Orbitz for $1.38 billion
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Online travel agency Expedia to buy rival Orbitz for $1.38 billion

Reuters

Expedia's offer of $12.00 per share in cash represents a premium of 24.7% to Orbitz's Wednesday close

Expedia is looking to increase its customers base in a highly competitive industry. Premium
Expedia is looking to increase its customers base in a highly competitive industry.

Online travel agency Expedia Inc said it would buy rival Orbitz Worldwide for about $1.38 billion, as it looks to increase its customers base in a highly competitive industry.

Expedia’s offer of $12.00 per share in cash represents a premium of 24.7% to Orbitz’s Wednesday close.

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Published: 12 Feb 2015, 06:56 PM IST
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