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Expedia agrees to buy Wotif for $658M

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BELLEVUE, Wash. (AP) — Expedia Inc. says it has agreed to pay 703 million Australian dollars ($658 million) for Wotif.com Holdings Ltd., an online travel company that covers the Asia-Pacific region. Expedia said Sunday that it offered 3.30 Australian dollars ($3.09) per share in cash, a 30 percent premium over Wotif's average price last week. Wotif sells hotel bookings and air travel through...

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