Expedia, Inc. Completes Acquisition of Orbitz Worldwide, Inc.

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. September 21, 2015

BELLEVUE, WA. September 21, 2015 - Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion. With the completion of the transaction, Orbitz Worldwide, Inc. stock is no longer being traded on the New York Stock Exchange.

"We are pleased to welcome Orbitz Worldwide to our family of leading travel brands," said Dara Khosrowshahi, Expedia, Inc. Chief Executive Officer. "Our mission is to revolutionize travel through the power of technology. Given Orbitz's focus on transforming the way consumers around the world plan and book travel, we couldn't be more aligned. As we bring our talented teams and capabilities together, we will be well positioned to accelerate the pace of innovation to deliver even better customer experiences to Orbitz's loyal customer base and to further enhance the marketing and distribution capabilities we offer to our global supply partners."

About Expedia, Inc.

Expedia, Inc. is one of the world's: leading travel companies, with an extensive brand portfolio that includes leading online travel brands, such as•Expedia.com®, a leading full service online travel agency with localized sites in 31 countries •Hotels.com®, the hotel specialist with localized sites in more than 60 countries •Hotwire®, a leading discount travel site that offers Hot Rate® Hotels, Hot Rate® Cars and Hot Rate® Airfares, as well as vacation packages •Travelocity®, a pioneer in online travel and a leading online travel agency in the US and Canada •Orbitz Worldwide, a global travel portfolio including Orbitz, ebookers, HotelClub, and CheapTickets, brands and business-to-business offerings, including Orbitz Partner Network and Orbitz for Business •Egencia®, a leading corporate travel management company •Venere.com™, an online hotel reservation specialist in Europe •trivago®, a leading online hotel metasearch company with sites in 52 countries •Wotif Group, a leading portfolio of travel brands operating in the Australia/New Zealand region, including Wotif.com®, lastminute.com.au®, lastminute.co.nz® and travel.com.au® •Expedia Local Expert®, a provider of online and in-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide •Classic Vacations®, a top luxury travel specialist •Expedia® CruiseShipCenters®, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 190 retail franchise locations across North America •CarRentals.com™, the premier car rental booking company on the web. The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. Expedia also powers bookings for thousands of affiliates, including some of the world's leading airlines, top consumer brands and high traffic websites through Expedia Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com

Contact:
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(425) 679-4317