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EXPE, SABR: Expedia Buys Travel Site Travelocity

Expedia has agreed to buy Sabre-owned (SABRTravelocity.

EXPEThe company is shelling out $280 million cash for the travel site. Expedia has been running Travelocity’s operations in the US and Canada since 2013.

Expedia was founded out of a small division of Microsoft in 1996 by Richard Barton. The company is in a solid financial position and EXPE may be the stock in travel to buy this year.

Hotels.comHotwire and Trivago are all owned by Expedia.

EXPE stock is up 3.3% Friday afternoon. SABR stock is up 0.7%.

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