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Orbitz.com is a travel fare aggregator website and travel metasearch engine. ... "Cendant Corporation Completes Acquisition of Orbitz". November 12, 2004.
In 2004, the company acquired Orbitz for $1.25 billion and Flairview Travel for $88 million. [2] [3] In 2005, the company acquired eBookers for $350 million and Gullivers Travel Associates for $1.1 billion. [2] [4] [5] [6] In August 2006, Cendant sold Orbitz and Galileo to The Blackstone Group for $4.3 billion, forming Travelport. [1]
HFS and CUC combined in a "merger of equals" on December 18, 1997, to form Cendant Corporation. [ 26 ] [ 27 ] As part of the merger, Silverman announced he would reduce his day-to-day involvement with the company and assume the company's chairmanship in preference of CUC's founder and CEO Walter Forbes .
Orbitz: Travel Agency $ 1.6 billion [38] [39] September 28, 2015: Mizuho Finances Corp Travel Agency $ 14,200,000 [40] November 4, 2015 HomeAway: Holiday Rental Service $ 3.9 billion [41] [42] October 25, 2018 Pillow Short-Term Rental Management — [43] October 25, 2018 ApartmentJet Short-Term Rental Management — [44] August 22, 2019 CanadaStays
One Equity Partners was the merchant banking arm of JPMorgan Chase, [1] focused on leveraged buyout and growth capital investments in middle-market companies. Formed by Bank One in 2001, the group has offices in New York City , Chicago , São Paulo , Vienna , Hong Kong and Frankfurt .
As Travelport CEO, he reorganized the company around three brands, engineered the acquisition of Worldspan and coordinated the sale of Orbitz Worldwide in an initial public offering on July 20, 2007. [7] [8] On March 12, 2014, he was named CEO and member of the Board of Directors of Kodak.
Kayak was founded in January 2004 by Steve Hafner and Paul M. English. [6] [7] Before Kayak, Steve Hafner, Kayak's current CEO, helped found Orbitz in November 1999 and led its business development, advertising sales, marketing, and product marketing activities.
What: Shares of Orbitz Worldwide were losing. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're ...