On Thursday morning, Expedia Inc EXPE announced a deal to buy Orbitz Worldwide, Inc. 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 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 PCLN
· Ctrip.com International, Ltd. CTRP
· Travelport Worldwide Ltd TVPT
· Travelzoo Inc. TZOO
· Tuniu Corp TOUR
· eLong, Inc. LONG
· Ambassadors Group Inc EPAX
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