Expedia acquires Travelocity in $280 million deal

With the deal, Expedia, which owns travel sites including Hotels.com and Hotwire, is building upon a 2013 marketing agreement that it had with Travelocity, the companies said in statement on Friday. Under that partnership, Expedia provided customer service for Travelocity and supported its websites in the U.S. and Canada. The acquisition gives Expedia more control over overall bookings. (www.businessweek.com) More...