DOJ Won’t Oppose Expedia’s Orbitz Acquisition

Dow Jones Newswires

Online travel company Expedia Inc (NASDAQ:EXPE), the world's largest online travel services company by bookings, has won U.S. antitrust approval to buy rival Orbitz Worldwide Inc for $1.3 billion, the Justice Department said on Wednesday.

Continue Reading Below

The department said it did not require any asset sales in exchange for antitrust approval.

"We concluded that Expedia’s acquisition of Orbitz is not likely to substantially lessen competition or harm U.S. consumers," Bill Baer, head of the Justice Department's Antitrust Division, said in a statement.

Expedia, which owns the website that bears its name as well as, Hotwire and other brands, also recently purchased Travelocity. Its rival Priceline Group Inc (NASDAQ:PCLN) owns, OpenTable and Kayak.

Expedia and Priceline face increasing competition from the likes of Google Inc (NASDAQ:GOOGL), airlines and hotel chains, which also sell itineraries on their websites.

(Reporting by Diane Bartz; Editing by Will Dunham)

What do you think?

Click the button below to comment on this article.