Expedia Boosts Its North American Dominance By Acquiring Travelocity

The acquisition will have a positive impact on both the companies. Sabre, the company that owns Travelocity, has a debt laden balance sheet and it is looking for ways to erase some of that. It sold Travelocity's business travel arm to BCD Travel in 2013, and raised $600 million through an IPO (initial public offering) in April 2014 to reduce a portion of the $3 billion debt. Additionally, Travelocity announced two rounds of lay-offs in 2013 and its CEO, Carl Sparks, left the company in May 2014....