Expedia is buying Travelocity for $280 million
Two major travel sites are about to be under the same corporate umbrella.
Expedia (EXPE) will be purchasing rival Travelocity for $280 million in cash. The two sites have been working together since 2013, when they signed a marketing agreement allowing Travelocity access to Expedia’s supply and customer service program in exchange for Expedia powering the technology platforms for Travelocity’s websites in the US and Canada.
Travelocity is currently owned by travel technology company Sabre (SABR). Sabre also owns Sabre Airline Solutions, Sabre Travel Network, and the Sabre Hospitality Network. Expedia’s brand portfolio includes the popular Expedia.com, plus other properties including Hotels.com and Hotwire.com.
More deals could be coming in the online travel booking arena. Orbitz (OWW) is said to be actively looking for a buyer.