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Orbitz Went For 1.6B Cash

In an effort to combat discount website Priceline, competitor Expedia has purchased Orbit for $1.6 billion. The deal has been approved by the company boards, and is now being proposed to shareholders. Expedia recently purchased Travelocity for $280 million. Priceline owns Kayak and other comparative discount pricing websites. http://goo.gl/2fUCrQ #tech

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