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The Dow Jones U.S. Travel & Leisure Index has been falling since Thursday's attack in Barcelona, Spain.
But, says Jim Cramer, almost every winning stock he's ever mentioned is overvalued or has been overvalued before its run.
The online travel giant has been stung by slower growth abroad, along with heavy search ad spending needs.
The tie-up could provide travel and ticketing services for the world's top sporting events.