Cendant buying Orbitz.com in $1.25B deal
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Travel and hospitality company Cendant Corp. today announced plans to acquire online travel vendor Orbitz.com for approximately $1.25 billion.
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Travel company Cendant, the owner of Avis and Budget car hire firms, is in advanced talks to buy travel website Orbitz for $1bn. Orbitz was started by five US airlines in 2000 and floated on Nasdaq for $300m in December 2003.
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Cendant Corp., the world&#39;s largest hotel franchiser and owner of the Avis car-rental company, said Wednesday it agreed to purchase Orbitz, a popular Internet travel agency, for $1.
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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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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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Johnson &amp; Johnson announced a $25.4bn (Â£13.1bn) deal yesterday to buy Guidant Corporation, giving the healthcare company a stake in the fast-growing market for devices that regulate heartbeats.
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Amid Cendant&#39;s (Quote, Chart) $1.2 billion Orbitz (Quote, Chart) buy, new entrants are rushing to the intersection of the online industry&#39;s hottest sectors: travel booking and search.
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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.N said on Wednesday it will buy travel Web  site Orbitz Inc. ORBZ.O for about $1.25 billion, making it  the No. 2 online travel agency.
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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's Macquarie Group in a deal valued at $1.4 billion.
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Ebookers, the travel website, is being sold to US hotel and car rental giant Cendant in a Â£209m deal that means a huge windfall for chief executive Dinesh Dhamija.
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ECI Telecom, an Israeli maker of telecommunications equipment, agreed to be bought by the Swarth Group and the Ashmore Group for $1.2 billion.
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Sun Microsystems will acquire software company MySQL for $1 billion, the companies said.
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Cendant Corp., the world&#39;s largest hotel franchiser, agreed to buy Internet travel agency Orbitz Inc. for $1.25 billion, becoming the second-biggest competitor in the online travel market.
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A smart investor pays $1.25 billion for Orbitz. So what's Travelzoo worth?
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Dallas-based Ashford Hospitality Trust Inc. (NYSE: AHT ) is buying a 21-property, 4,094-room hotel portfolio for $250 million, including assumed debt.
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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.