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Movers Alert: Travel Sector Reacts To Expedia/Orbitz Deal

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On Thursday morning, Expedia Inc (NASDAQ: EXPE) announced a deal to buy Orbitz Worldwide, Inc. (NYSE: OWW) for $12 per share in cash.

The $1.6 billion deal is the latest consolidation in the online travel space. Last month, Expedia also acquired Travelocity from Sabre Corp (NASDAQ: SABR) in a deal worth $280 million.

Continued consolidation of the online travel group follows Priceline’s acquisition of Kayak in 2013.

Here’s how the other players in the online travel space are faring following the news.

·      Priceline Group Inc (NASDAQ: PCLN)

·      Ctrip.com International, Ltd. (NASDAQ: CTRP)

·      Travelport Worldwide Ltd (NYSE: TVPT)

·      Travelzoo Inc. (NASDAQ: TZOO)

·      Tuniu Corp (NASDAQ: TOUR)

·      eLong, Inc. (NASDAQ: LONG)

·      Ambassadors Group Inc (NASDAQ: EPAX)

 

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