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Expedia Buys Orbitz For $1.6B In Cash To Square Up To Priceline

 After buying Travelocity earlier this month for $280 million, Expedia continues its online travel acquisition spree. Today, the company announced an agreement to acquire Orbitz for $1.6 billion — or $12 per share — in cash, a premium of 29 percent on Orbitz’s current share price. The deal speaks to ongoing consolidation in the market, but also Expedia’s bigger… Read More