Expedia Buying Orbitz for $1.6 Billion

Barney Harford, the CEO of Orbitz. Orbitz Worldwide It is a two-horse race now in the online travel booking world: Expedia is buying Orbitz for about $1.6 billion in cash. This comes after Expedia announced that it was buying the rest of Travelocity last month for a paltry $280 million.