BELLEVUE, Wash. and CHICAGO, March 25, 2015 \u2013 Expedia, Inc. (NASDAQ: EXPE) and Orbitz Worldwide, Inc. (NYSE: OWW)
\nannounced today that they have each received a request for additional information and documentary material (the \u201csecond request\u201d) from the U.S. Department of Justice (the \u201cDOJ\u201d) in connection with the DOJ\u2019s review of Expedia\u2019s pending acquisition of Orbitz.<\/p>\n
Issuance of the second request is a standard phase of the regulatory process. Expedia and Orbitz intend to respond to the second request and to cooperate fully with the DOJ. We believe that this transaction will benefit competition and consumers and are working to help the DOJ complete its review before the end of the year.<\/p>\n
About Expedia, Inc.<\/strong><\/p>\n Expedia, Inc. is one of the world\u2019s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:<\/p>\n Expedia.com\u00ae<\/a>, the world\u2019s largest full service online travel agency with localized sites in 31 countries Trademarks and logos are the property of their respective owners. \u00a9 2015 Expedia, Inc. All rights reserved. CST: 2029030\u00ad50<\/p>\n About Orbitz Worldwide<\/strong> Forward\u00ad-Looking Statements<\/strong> Participants in the Solicitation<\/strong> Additional Information and Where to Find It<\/strong> FOR MORE INFORMATION:<\/strong><\/p>\n Expedia, Inc. Communications Expedia, Inc. Investor Relations Orbitz Worldwide Corporate Communications Orbitz Worldwide Investor Relations ###<\/strong><\/p>\n “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Orbitz Worldwide Inc.’s business which are not historical facts are “forward\u00ad-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward\u00ad-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10\u00adK for the most recently ended fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":" BELLEVUE, Wash. and CHICAGO, March 25, 2015 \u2013 Expedia, Inc. (NASDAQ: EXPE) and Orbitz Worldwide, Inc. (NYSE: OWW) announced today […]<\/p>\n","protected":false},"author":212,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2791],"tags":[],"class_list":["post-62736","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":{"api_active":null,"api_title":null,"api_excerpt":null,"api_featured_image":null,"api_lob":null},"posts_api_cpm_point":"","yoast_head":"\n
\nHotels.com\u00ae<\/a>, the hotel specialist with localized sites in more than 60 countries
\nHotwire\u00ae<\/a>, a leading discount travel site that offers opaque deals in 12 countries throughout North America, Europe and Asia
\nTravelocity\u00ae<\/a>, a pioneer in online travel and a leading online travel agency in the US and Canada
\nEgencia\u00ae<\/a>, the world’s fifth largest corporate travel management company
\neLongTM<\/sup><\/a>, a leading mobile and online travel service provider in China
\nVenere.comTM<\/sup><\/a>, an online hotel reservation specialist in Europe
\ntrivago\u00ae<\/a>, a leading online hotel metasearch company with sites in 49 countries
\nWotif Group<\/a>, a leading operator of travel brands in the Asia\u00adPacific region, including Wotif.com\u00ae, lastminute.com.au\u00ae, travel.com.au,
\nAsia Web Direct\u00ae, LateStays.com, GoDo.com.au and Arnold Travel Technology
\nExpedia Local Expert\u00ae<\/a>, a provider of online and in\u00ad-market concierge services, activities, experiences and ground transportation in hundreds of destinations worldwide
\nClassic Vacations\u00ae<\/a>, a top luxury travel specialist
\nExpedia\u00ae CruiseShipCenters\u00ae<\/a>, a provider of exceptional value and expert advice for travelers booking cruises and vacations through its network of 180 franchise locations across North America
\nCarRentals.comTM<\/sup><\/a>, the premier car rental booking company on the web
\nThe 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\u00ad-market consumers through Expedia\u00ae Media Solutions<\/a>. Expedia also powers bookings for some of the world\u2019s leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia\u00ae Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com<\/a> or follow us on Twitter @expediainc.<\/p>\n
\nOrbitz Worldwide (NYSE: OWW) is a leading global online travel company using technology to transform the way consumers around the world plan and purchase travel. Orbitz Worldwide operates the consumer travel planning sites Orbitz (orbitz.com), ebookers (ebookers.com), HotelClub (hotelclub.com) and CheapTickets (cheaptickets.com). Also within the Orbitz Worldwide family, Orbitz Partner Network (orbitzpartnernetwork.com) delivers private label travel technology solutions to a broad range of partners including some of the world`s largest airlines, bank loyalty programs and travel agencies, and Orbitz for Business (orbitzforbusiness.com) delivers managed travel solutions for companies of all sizes. Orbitz Worldwide makes investor relations information available at investors.orbitz.com.<\/p>\n
\nThis document includes forward\u00ad-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward\u00ad-looking statements generally can be identified by phrases such as Expedia, Orbitz or management of either company \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforesees,\u201d \u201cforecasts,\u201d \u201cestimates\u201d or other words or phrases of similar import. Similarly, statements herein that describe the proposed transaction, including its financial and operational impact, and other statements of management\u2019s beliefs, intentions or goals also are forward\u00ad-looking statements. It is uncertain whether any of the events anticipated by the forward\u00ad-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Expedia or Orbitz stock. These forward-
\nlooking statements involve certain risks and uncertainties, many of which are beyond the parties\u2019 control, that could cause actual results to differ materially from those indicated in such forward\u00ad-looking statements, including but not limited to the ability of the parties to consummate the proposed transaction and the satisfaction of the conditions precedent to consummation of the proposed transaction, including the receipt of stockholder approval, the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Expedia to successfully integrate Orbitz\u2019s operations; the ability of Expedia to implement its plans, forecasts and other expectations with respect to Orbitz\u2019s business after the completion of the transaction and realize expected synergies; business disruption following the merger; and the other risks and important factors contained and identified in Expedia\u2019s and Orbtiz\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), such as their respective Quarterly Reports on Form
\n10\u00adQ and Annual Reports on Form 10\u00adK, any of which could cause actual results to differ materially from the forward\u00ad-looking statements. The forward\u00ad-looking statements included in this document are made only as of the date hereof. Neither Expedia nor Orbitz undertakes any obligation to update the forward\u00ad-looking statements to reflect subsequent events or circumstances, except as required by law.<\/p>\n
\nOrbitz and its directors and executive officers, and Expedia and its directors and executive officers, may be deemed, under SEC rules, to be participants in the solicitation of proxies from Orbitz stockholders in connection with the proposed transaction. Information about Expedia\u2019s directors and executive officers is set forth in its proxy statement for its 2014 Annual Meeting of Stockholders, which was filed with the SEC on April 28, 2014. Information about Orbitz\u2019s directors and executive officers is set forth in its proxy statement for its 2014 Annual Meeting of Stockholders, which was filed with the SEC on April 25, 2014. Additional information regarding the interests of participants in the solicitation of proxies in connection with the transaction was included in the preliminary proxy statement on Schedule 14A that Orbitz filed with the SEC on March 13, 2015, and may be updated or supplemented in the definitive proxy statement and other documents that Orbitz or Expedia file with the SEC.<\/p>\n
\nOrbitz filed with the SEC a preliminary proxy statement on Schedule 14A on March 13, 2015. When completed, a definitive proxy statement will be sent or given to the stockholders of Orbitz and will contain important information about the proposed transaction and related matters. SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY AND ANY OTHER
\nRELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The proxy statement and other relevant materials (when they become available), and any other documents filed by Expedia or Orbitz with the SEC, may be obtained free of charge at the SEC\u2019s website, at www.sec.gov. In addition, security holders will be able to obtain free copies of the proxy statement from Orbitz
\nby contacting Investor Relations by mail at ATTN: Corporate Secretary, Orbitz Worldwide, Inc., 500 W. Madison Street, Suite 1000, Chicago, Illinois 60661.<\/p>\n
\n(425) 679\u00ad4317
\npress@expedia.com<\/p>\n
\n(425) 679\u00ad3759
\nir@expedia.com<\/p>\n
\nChris Chiames
\n(312) 894\u00ad6890
\nchris.chiames@orbitz.com
\npress@orbitz.com<\/p>\n
\nAdam Patnaude
\n(312) 260\u00ad8301
\nOWWIR@orbitz.com<\/p>\n