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Expedia Inc.

Expedia to Purchase Orbitz Worldwide for $1.6B

Online travel agency Expedia announced it has entered into an agreement to acquire Orbitz Worldwide Inc., including all of Orbitz’s brands, for $12 per share in cash. This represents an enterprise value of about $1.6 billion.

Expedia Purchases Auto Escape Group

Online travel company Expedia Inc. has acquired Auto Escape Group, an online car rental reservation company in Europe. Auto Escape will become part of Expedia's CarRentals.com brand.