USA Networks’ Plans to Complete Expedia Buy

USA Networks Inc. Chief Executive Barry Diller said his media and electronic-commerce company plans to complete its $1.5-billion purchase of online travel service Expedia Inc. even though its bookings have declined.

New York-based USA Networks, owner of the Home Shopping Network and USA cable network, agreed in July to buy a 75% stake in Expedia from Microsoft Corp. for stock and warrants.