Expedia to buy Orbitz in $1.6 billion deal

Written By limadu on Kamis, 12 Februari 2015 | 21.29

Under the terms of the deal, Expedia (EXPE) will pay $12 per share for Orbitz (OWW), which closed Wednesday at $9.62 per share.

The transaction has been approved by the boards of both companies but is subject to approval by shareholders and regulators.

CNNMoney (New York) February 12, 2015: 8:24 AM ET


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