Check it out.
Expedia Inc. agreed to buy Orbitz Worldwide Inc. for about $1.34 billion, further consolidating the online travel industry.
Orbitz shareholders will receive $12 a share in cash, a 25% premium over Wednesday’s close. Orbitz shares surged 21% and last traded above the offer price in August 2013. Expedia shares jumped more than 13%.
http://www.wsj.com/articles/expedia-...ion-1423746909
So Expedia already bought Travelocity awhile back so what does this mean now that there are two mega OTA's now? Priceline and Expedia/Orbitz/Travelocity, would less competition among OTA's be bad? What about their loyalty programs?