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Expedia (EXPE) acquires Renren's (RENN) interest in Chinese online travel provider eLong (LONG)...

Expedia (EXPE) acquires Renren's (RENN) interest in Chinese online travel provider eLong (LONG) for $23/share - marking a 65% premium to Friday's closing price. An exec with Expedia says China is a key market in the firm's efforts to expand globally.
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