On September 17, 2015, Orbitz Worldwide, Inc. (formerly NYSE: OWW) closed its acquisition by Expedia, Inc. Orbitz Worldwide is now a subsidiary of Expedia, Inc. and our stock is no longer publicly traded. Investor relations questions about Orbitz-related matters should be directed to Expedia, Inc. Investor Relations at
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|Expedia, Inc. Completes Acquisition of Orbitz Worldwide, Inc.|
BELLEVUE, Wash. – September 17, 2015 – Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion. With the completion of the transaction, Orbitz Worldwide, Inc. stock is no longer being traded on the New York Stock Exchange.
“We are pleased to welcome Orbitz Worldwide to our family of leading travel brands,” said Dara Khosrowshahi, Expedia, Inc. Chief Executive Officer. “Our mission is to revolutionize travel through the power of technology. Given Orbitz’s focus on transforming the way consumers around the world plan and book travel, we couldn’t be more aligned. As we bring our talented teams and capabilities together, we will be well positioned to accelerate the pace of innovation to deliver even better customer experiences to Orbitz’s loyal customer base and to further enhance the marketing and distribution capabilities we offer to our global supply partners.”
About Expedia, Inc.
The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. Expedia also powers bookings for thousands of affiliates, including some of the world’s leading airlines, top consumer brands and high traffic websites through Expedia Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.
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