Online travel agency Expedia to buy rival Orbitz for $1.33 billion

http://finance.yahoo.com/news/online-travel-agency-expedia-buy-205934699.html
Orbitz’s shares shot up 20 percent to $11.63 in morning trading, short of Expedia’s offer of $12 per share. Expedia’s shares rose nearly 13 percent to $88.50. While Priceline’s market capitalization of about $55 billion is much more than that of Expedia’s and Orbitz’s put together, Expedia only recently slipped behind Priceline to become the world’s second-largest travel services company by bookings.

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