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Online travel and leisure booking website Expedia reveals plans to acquire rival company Orbitz for $1.3 billion. Orbitz was established by major airlines to lower distribution costs and compete with online travel agencies like Expedia. This acquisition enables Expedia to further expand its market share and leverage the strengths of both brands. By joining forces, the companies aim to enhance their services and provide a better experience for travelers.
Wednesday, 11 February, 2015