Expedia Buying Orbitz for $1.6 Billion

Dennis Schaal

February 12th, 2015 at 8:25 AM EST

Photo Credit: Barney Harford, the CEO of Orbitz. Orbitz

Skift Take

It's just Priceline Vs. Expedia now in the U.S., at least for now.

It is a two-horse race now in the online travel booking world: Expedia is buying Orbitz for about $1.6 billion in cash. This comes after Expedia announced that it was buying Travelocity last month for a paltry $280 million. Shares in Expedia rose nearly 10% in pre-market trading, while Orbitz rose over 21%. Related: It’s Expedia Against Everyone Else After Orbitz and Travelocity Deals Details of the $1.6 billion deal: Expedia will acquire all of Orbitz's brands, including consumer brands Orbitz, ebookers,

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