Cendant Is Close to Acquiring Orbitz for $1.1 Billion
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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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Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about &#36;1.1 billion in cash.
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Travel and real estate heavyweight Cendant Corp. (CD) is nearing a deal to buy online travel site Orbitz Inc. (ORBZ), which is controlled by the top five US airlines, for about $1.
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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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Online travel agency ebookers succumbed to a Â£209m bid from American travel and real estate group Cendant yesterday in a move which will see founder, chairman and chief executive Dinesh Dhamija pocket more than Â£92m.
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Shares of Orbitz (ORBZ) jumped more than 25% in after-hours trading Tuesday on reports that the travel and real estate company Cendant (CD) is close to an agreement to buy the online travel site for about $1.
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Travel and hospitality company Cendant will acquire online travel supplier Orbitz for around $1.25bn (Â£690m). Cendant said it had reached a definitive agreement to buy all Orbitz shares.
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Global Tower Partners, a U.S. wireless  tower operator, is to be bought by a consortium of  infrastructure funds managed by members of Australia&#39;s  Macquarie Group in a deal valued at $1.4 billion.
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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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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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Travel, lodging and real estate  services company Cendant Corp. CD.N on Monday posted higher   earnings in the fourth quarter on a strong performance in the  company's real estate and travel units.
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The electronic-payment processor agreed to buy a rival, the eFunds Corporation, for about $1.8 billion to bolster its debit card business.
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Online travel agency, which had one of the hottest IPO&#39;s of 2003, meets 12 cents per share target. CHICAGO  - Orbitz Inc.
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Warburg Pincus Equity Partners and Providence Equity Partners are reportedly in negotiations to buy Telecordia Technologies for $1.
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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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SEPTEMBER 29, 2004 -- New York -- Cendant Corp. today announced it will acquire the online travel agency, Orbitz, in a major consolidation of the web-based travel business.
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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.