Expedia Inc. says it has agreed to pay 703 million Australian dollars ($658 million) for Wotif.com Holdings Ltd., an online travel company that covers the Asia-Pacific region.
Expedia said the deal needs the approval of Wotif shareholders and is expected to close in the fourth quarter. Bellevue, Washington-based Expedia runs its own brand website and others such as Hotels.com and Hotwire. The company lost $14.3 million in the first quarter.
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