Expedia Acquires CarRentals.com

Online travel company Expedia Inc. recently said it acquired CarRentals.com, an online car-rental marketing and retail company, the Associated Press reports.

Financial terms were undisclosed. CarRentals.com will report as a business unit to Expedia's discount travel site Hotwire.

Expedia said it plans to make no material changes to the company and will retain its senior leadership team.

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