Cendant agrees to sell travel services division
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Cendant Corp  on Friday said it  has agreed to sell its travel services division to an affiliate  of the Blackstone Group for about &#36;4.3 billion in cash.
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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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Sabre Holdings Corp. , owner of Web site Travelocity, agreed Monday night to be sold to private equity firms Silver Lake Partners and Texas Pacific Group  for about $4.3 billion, the New York Times reported on its Web site on Tuesday, citing people involved in the negotiations.
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The Cendant Corp., which owns Avis car rental and the Days Inn hotel chain, is close to a deal to buy Orbitz, the online travel service controlled by an alliance of airlines, for about
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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Cendant, the world&#39;s largest travel group, yesterday continued its buying spree with the $1.1bn (Â£570m) purchase of Gullivers Travel Associates and Octopus.
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By DAVID KOENIG  DALLAS - Sabre Holdings Corp., parent of the online travel-booking service Travelocity.com and a leading distributor of airline reservations, said Tuesday it is being acquired by private-equity groups for about $4.5 billion.
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Cendant Corp., the world&#39;s largest hotel franchisor, said Thursday it agreed to acquire London-based Gullivers Travel Associates and Octopus Travel Group Ltd.
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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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In a deal combining two travel industry powerhouses, hotel franchisor and real estate service company Cendant Corp. agreed to acquire Internet travel agency Orbitz Inc.
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Shares of Orbitz, an Internet travel agency, surged 26 percent on reports it may be purchased by Cendant for about $1.2 billion. Shares of Orbitz climbed $5.
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Hotel franchisor Cendant Corp. agreed to buy online travel company Orbitz Inc. for about $1.25 billion. The $27.50 a share cash offer, which has been approved by boards of both companies but still needs regulatory
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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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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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Sabre Holdings Corp. TSG.N, owner of  the Travelocity Web site, on Thursday said it agreed to buy  privately held SynXis Corp., a provider of reservation  management services to hotels, for $40 million.
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Travel and real estate heavyweight Cendant Corp. (CD.N: Quote, Profile, Research) is nearing a deal to buy online travel site Orbitz Inc.
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The Cendant Corporation is planning to announce today that it will spin off its Wright Express unit in an initial public offering that is expected to raise more than $1 billion.