Priceline Delivers Strong 2Q15 Earnings
Priceline is on an acquisition spree
Priceline (PCLN) and its key competitor Expedia (EXPE) have been on an acquisition spree. Both of the companies have spent more than $7.6 billion collectively on acquisitions over the last two years. The two companies have been surpassing rival companies one after the other. This has led to a consolidation in online travel accommodations sites in the US.
Online booking sites primarily cater to online ticket reservations, travel booking like hotel reservations, and in the...