BIGGER IS BETTER: EXPEDIA ACQUIRES ORBITZ

On February 12, Expedia (Nasdaq: EXPE) announced it had entered into a definitive agreement under which it will acquire Orbitz Worldwide, Inc. (NYSE: OWW) including all of Orbitz’s brands (such as HotelClub, CheapTickets and Ebookers), for $12.00 per share in an all-cash $1.3 billion transaction. Both companies own a portfolio of travel booking websites. This … Continue reading BIGGER IS BETTER: EXPEDIA ACQUIRES ORBITZ