From News.com:
Formerly known as USA Interactive, IAC has rapidly expanded its network of Web-based travel assets through a string of acquisitions in the past half-year, including high profile buyouts of companies such as Expedia and Hotels.com. Through the acquisition of Hotwire, the company gains another discount rate provider and closer ties to air carriers such as American Airlines, United Airlines and US Airways, all of which helped form the venture in 2000.
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