News: "Lastminute.com today made a surprise bid for rival Online Travel Corp, in a deal that will combine two of the biggest and most successful UK internet travel players.
Lastminute said the deal would also provide it with access to a wider, more comprehensive choice of travel options, as well as a potential customer base of more than 15 million online users..
While further consolidation in the fragmented online travel sector is no surprise, many industry analysts had been touting Lastminute and OTC as potential targets for major US firms such as Expedia.com or Travelocity.com, which are looking to expand their businesses over this side of the pond. The move could help fend off approaches from US firms."
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