America Online buys into rival of travel websites
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Aiming to put itself in the vanguard of the Internet travel business, America Online will invest an undisclosed amount in an upstart that threatens to lure customers away from Orbitz, Expedia, and Travelocity.
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Company partners with Kayak Software with aim to complement the burgeoning online travel sales market.
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For years, America Online Inc. grew steadily into the nation's biggest Internet service by treating subscribers to exclusive content and services it hoped would produce the sort of captive audience that advertisers crave. But now, with users departing for faster or cheaper online competitors, company officials are re-thinking their "walled garden" strategy.
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Travel and real estate heavyweight  Cendant Corp. CD.N is nearing a deal to buy online travel  site Orbitz Inc. ORBZ.O, which is controlled by the top five  U.S. airlines, for about $1.2 billion in cash, a source close  to the talks said on Tuesday.
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Cendant, the American travel group that owns car rental shops Avis and Budget, is close to acquiring online travel agency Orbitz.com in a deal said to be worth more than $1 billion.
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America Online Inc. (AOL) is aiming to get a piece of the travel search market, announcing plans Friday to introduce a new Web-based property to compete with the likes of Travelocity.com and Expedia Inc.
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Thomas G. Woolston  is trying to start an online travel site named uBid Travel. He's negotiating with hotels, brokering partnerships with airlines and making sure the site looks just right.
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IF services conglomerate Cendant buys the third-largest US online travel company, Orbitz, as looks probable, then it will be widely seen as another step towards breaking down any lingering sense that business over the internet is &quot;special&quot; compared to
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AOL is teaming with Kayak Software to build a free travel search offering, the company said Friday. Currently in beta, Kayak is the brainchild of the founders of Orbitz, Expedia and Travelocity.
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America Online is joining a growing number of players beyond traditional phone companies rolling out or testing phone calls over the Internet.
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CHICAGOâTravel and real estate heavyweight Cendant Corp. yesterday said it will buy travel website Orbitz Inc. for about $1.25 billion (US), making it the second-largest competitor in the online travel industry.
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Online travel agencies are promoting their wares to international travelers as domestic travel slows.
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AOL said it has purchased buy.at, an online affiliate marketing network, as part of a strategy to bolster its Internet advertising operations.
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Multiple firms including Silver Lake Partners and Texas Pacific Group have bid for Saber Holdings , owner of the Travelocity Web site, according to a source familiar with the situation.
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AOL has bought a small widget and online desktop applications maker Goowy Media, for an undisclosed amount.
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In a play to grab the attention of more Internet users, America Online (Quote, Chart) began testing a Web-based e-mail service that the company hopes will compete with similar services by Yahoo (Quote, Chart), MSN (Quote, Chart) and Google (Quote, Chart).
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America Online, the world's largest  Internet service provider on Monday launched an overhauled  online shopping center it hopes will help it keep pace with  competitive offerings by Yahoo Inc.YHOO.O, Google Inc.  GOOG.O and Shopping.com, executives said.