Pursuits
Expedia Purchase of Orbitz Said to Win U.S. Antitrust Nod
- DOJ said to close its investigation of travel-site combination
- U.S. found no harm to competition from $1.3 billion deal
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Expedia Inc.’s purchase of Orbitz Worldwide Inc. won clearance from U.S. antitrust officials reviewing the $1.3 billion deal, according to a person familiar with the matter.
The Justice Department’s antitrust division is set to announce that it is closing the investigation after finding no harm to competition from the combination, said the person, who asked not to be identified because the matter isn’t public.