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3 weeks ago, Expedia acquired Travelocity for $280M. http://dealbook.nytimes.com/2015/01/23/expedia-buys-travelocity-for-280-million-in-cash/?_r=0 http://dealb
by tiffanyh 12y ago
3 weeks ago, Expedia acquired Travelocity for $280M.
http://dealbook.nytimes.com/2015/01/23/expedia-buys-travelocity-for-280-million-in-cash/?_r=0 http://dealbook.nytimes.com/2015/01/23/expedia-buys-traveloc...
This Orbitz deal ($1.6B) makes the Travelocity deal ($280M) look cheap.
- xasos 12y agoAren't Expedia, Orbitz, and Travelocity some of the biggest online travel sites?
- burnte 12y agoYes, but Priceline is bigger, hence the buyouts to be able to compete better.
- martin1975 12y agoIt's the Shatner factor.
- breckenedge 12y agoI need to check my sources, but I believe the Travelocity deal excluded much of Travelocity's technology, it was just a brand-name purchase. Edit, sources: > Sparks was brought in a couple of years ago to turn around the company, which needed a wholesale upgrading of its back-end systems in order to make a go of it, but apparently the transition fell short. [1] [1] http://skift.com/2013/08/22/travelocity-gives-in-sites-to-be-powered-by-expedia/ http://skift.com/2013/08/22/travelocity-gives-in-sites-to-be...
- alecco 12y agoVery good idea not to get the mess of Travelocity technology.
- joneholland 12y agoExpedia was already powering the Travelocity backend back in 2014 as part of a strategic deal because travelocity had failed to modernize their stack. . The latest acquisition simply bought the brand.