Expedia (EXPE) Buys Renren's (RENN) eLong (LONG) Stake in $72.4M Deal
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Expedia, Inc. (Nasdaq: EXPE) and Renren Inc. (NYSE: RENN) have jointly announced that Renren has sold its investment in eLong, Inc. (Nasdaq: LONG) to Expedia for approximately $72.4 million, or $23 per ADS.
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