Cendant Corp. To Acquire Orbitz
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New York-based Cendant Corp. Wednesday said it will buy online travel company Orbitz Inc. for $1.25 billion in cash. The real estate and travel services firm will pay $27.
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Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about US$1.1 billion (euro820 million) in cash.
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LONDON (CBS.MW) -- Cendant Corp. (CD) said it&#39;s agreed to buy privately-held Gullivers Travel Associates for $1.1 billion in cash.
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Cendant Corp., owner of Arapahoe County&#39;s CheapTickets.com and many other travel properties, is close to a deal to buy Internet travel agency Orbitz Inc.
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Travel and real estate company Cendant Corp.  is close to an agreement to buy online travel site Orbitz Inc.  for about &#36;1.2 billion in cash, a source close to the talks said on Tuesday.
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SEPTEMBER 15, 2004 -- The Cendant Hotel Group today announced that it will acquire the Ramada International Hotels and Resorts brand from Marriott International.
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Travel and real estate heavyweight Cendant Corp.  said on Wednesday it will buy travel Web site Orbitz Inc.  for about &#36;1.25 billion, making it the No. 2 online travel agency.
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Orbitz Inc.'s shares surged nearly 31 percent yesterday on news that Cendant Corp. , owner of the CheapTickets, Days Inn, Avis, and Budget brands, had agreed to pay $1.25 billion to acquire the third-largest online travel agency.
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As part of its strategy to focus on travel and residential real estate, Cendant Corp. today said it plans to spin off its mortgage and fleet operations.
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Travel and real estate conglomerate Cendant Corp. said Wednesday it will buy travel Web site Orbitz Inc. for about $1.25 billion, making it the No.
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NEW YORK : Travel holding company Cendant agreed to buy the Orbitz online travel site for 1.25 billion dollars, boosting the competition against sector leader Expedia in one of the most profitable sectors of Internet commerce.
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Travel-reservations Web site Orbitz Inc. Tuesday said it named its former chief marketing officer, Michael Sands, as president.
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Travel and real estate company Cendant Corp. is close to an agreement to buy online travel site Orbitz Inc. for about $1.2 billion in cash, a source close to the talks said yesterday.
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The deal would end a daring experiment by the nation's airlines, which created Orbitz as a competitor to Expedia and online ticketing sites like it.
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NEW YORK -- Cendant has a deal to buy the Orbitz online travel company for about $1.25 billion. The offer, valuing Orbitz shares at $27.
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Shares of Orbitz rocketed 27 percent in after-hours action yesterday on word the online travel site was in talks to be purchased by Cendant for $26 to $28 per share, or more than $1 billion in cash.
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Orbitz Inc., the Internet travel agency that is being bought by Cendant Corp., Wednesday posted a 30 percent jump in third-quarter profit, aided by a surge in hotel business.