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NEW YORK — USA Networks Inc. is close to a deal to buy a controlling interest in Internet travel concern Expedia Inc. from Microsoft Corp., significantly boosting USA’s presence in the online-travel market, Monday’s Wall Street Journal reported.
USA (USAI) also plans to buy a small travel company, National Leisure Group, and to announce plans for the launch of a new cable-TV channel focused on travel-related commerce. The value of the two acquisitions and early start-up costs on the new TV channel is close to $2 billion, according to a person familiar with the situation.
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