Expedia 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 stock is no longer being traded on the New York Stock Exchange.

Expedia has announced it has entered into a definitive agreement under which it will acquire Orbitz Worldwide, including all of Orbitz Worldwide’s brands, for $12.00 per share in cash. The deal represents an enterprise value of approximately $1.6 billion, and a premium of approximately 29 per cent over the volume weighted average share price for the five trading days up to and including February 11th, 2015.

Leading online travel company Orbitz Worldwide has partnered with Puerto Rico Tourism Co. to launch “Orbitz Originals: Secrets of Puerto Rico,” a 10-part online video series that is hosted by award-winning travel expert Richard Bangs and is available for viewing at Orbitz.com/PuertoRico.

Orbitz Worldwide has acquired certain assets and contracts of the Travelocity Partner Network which provides private label travel technology solutions for bank loyalty programs and online commerce sites. The operations of the Travelocity Partner Network will be integrated into the Orbitz Partner Network.

Affirming its commitment to industry-leading mobile travel planning tools for consumers, Orbitz.com today announced the re-launch of the Orbitz Flights, Hotels, Cars app for Android, adding major speed improvements and single-screen booking for flights, hotel rooms and car rentals for the massive number of travelers now carrying Android-powered smartphones.

Orbitz today launched the Orbitz Flights, Hotels, Cars app for iPad, an extension of its top-rated mobile apps. The Orbitz app for iPad is the only fully native, in-app experience that allows consumers to search and book all three major components of a trip.