Expedia buying Travelocity for $280M

Expedia Inc. said it's purchased Travelocity from Sabre Corp. for $280 million in cash. "Travelocity is one of the most recognized travel brands in North America, offering thousands of travel destinations to more than 20 million travelers per month," said Dara Khosrowshahi, Expedia president and CEO, said in a statement...