US online travel operator Expedia announced plans Thursday to buy rival Orbitz Worldwide for about $1.6 billion, in a move that further consolidates the sector. Expedia will pay $12 in cash for each Orbitz share, in the takeover approved by the companies' boards of directors. Dara Khosrowshahi, Expedia’s chief executive, said the deal is part of a strategy “to own and power the very best travel ...
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Britain has gone mad for online shopping, spending more than any other developed country and trouncing even the Americans.
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