Industry News

Cendant to buy Orbitz for $1 billion

Deal places real estate giant among leading online travel businesses
Published on Sep 29, 2004

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by CareyBot

Real estate heavyweight Cendant Corp. confirmed today that it will purchase online travel site Orbitz for $1.25 billion in cash, or about $27.50 per share. The acquisition of Orbitz places Cendant among leading domestic online travel businesses. Orbitz was founded ...