Expedia has acquired CarRentals.com, an online car rental aggregation and marketing firm. Terms of the deal were not disclosed, but the New York-based company will become a division of Hotwire,
Expedia's discount travel brand.
CarRentals.com will continue to operate as an independent entity, as Expedia has said that it has no plans to make changes to the car rental
service's brand name, operations or employee base. "And the senior leadership team will remain intact," the company said in a statement.
"CarRentals.com's independence, philosophy, and commitment
to both customers and vendors will remain unchanged," added David Morton, co-president of CarRentals.com.
--Tameka Kee