Expedia Inc. has acquired CarRentals.com, an online car rental marketing and retail company. Financial terms were not disclosed.
Expedia said CarRentals.com will continue to operate in its current form and will be a business unit of Hotwire, a discount travel seller owned by Expedia.
"CarRentals.com complements the success of the Hotwire rental car offering and further enables us to bring choice and value to budget-conscious consumers," said Eric Grosse, Hotwire's general manager.
David Morton, co-president of CarRentals.com, said his site's "independence, philosophy and commitment to both customers and vendors will remain unchanged."
Expedia confirmed that it expects to make no material changes to CarRentals.com operations, its employee base or brand name. The senior leadership team will remain intact.
In addition, rental car companies that do business with Hotwire and CarRentals.com will continue under current working relationships with each brand, said Expedia.