Expedia is buying Travelocity for $280 million

Hope this helps lower some fares!

Fortune

Two major travel sites are about to be under the same corporate umbrella.

Expedia [fortune-stock symbol=”EXPE”] will be purchasing rival Travelocity for $280 million in cash. The two sites have been working together since 2013, when they signed a marketing agreement allowing Travelocity access to Expedia’s supply and customer service program in exchange for Expedia powering the technology platforms for Travelocity’s websites in the US and Canada.

Travelocity is currently owned by travel technology company Sabre [fortune-stock symbol=”SABR”]. Sabre also owns Sabre Airline Solutions, Sabre Travel Network, and the Sabre Hospitality Network. Expedia’s brand portfolio includes the popular Expedia.com, plus other properties including Hotels.com and Hotwire.com.

More deals could be coming in the online travel booking arena. Orbitz [fortune-stock symbol=”OWW”] is said to be actively looking for a buyer.

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About Cathy Rubey

InGe, Inc. provides marketing, creative, and production services. Whether you need to promote an event, shoot a commercial, an editor for an employee handbook, a press release, mobile application, or a new website, InGe, Inc.’s creative department can tailor and deliver to meet your exact needs.
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