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Thursday, June 26, 2014

Expedia to purchase online car rental reservation company, (NASDAQ: EXPE)

Online travel agency Expedia Inc on Thursday said it plans to purchase Auto Escape Group, a European car rental booking company. Financial terms were not disclosed. Expedia, which operates the, trivago and Hotwire websites, said the addition would expand its brand internationally.

Expedia, Inc. (Expedia) is an online travel company. Shares of EXPE fell by 0.39% or $-0.3/share to $77.01. In the past year, the shares have traded as low as $45.69 and as high as $81.78. On average, 2230190 shares of EXPE exchange hands on a given day and today's volume is recorded at 875180.