Expedia acquires Travelocity for $280 million

Expedia, Inc. has acquired Travelocity from Sabre Corporation for $280 million in cash.

The acquisition follows the 2013 strategic marketing agreement between Expedia, Inc. and Travelocity, under which Expedia has powered the technology platforms for Travelocity's U.S. and Canadian websites along with providing Travelocity access to Expedia, Inc.'s supply and customer service program.

Expedia’s portfolio also includes Hotels.com, Hotwire and Expedia CruiseShipCentres, among others.