USA Networks’ Plans to Complete Expedia Buy
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Bloomberg News
USA Networks Inc. Chief Executive Barry Diller said his media and electronic-commerce company plans to complete its $1.5-billion purchase of online travel service Expedia Inc. even though its bookings have declined.
New York-based USA Networks, owner of the Home Shopping Network and USA cable network, agreed in July to buy a 75% stake in Expedia from Microsoft Corp. for stock and warrants.
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