Cendant Buying Orbitz for $1.2 Billion
Sep 28th, 2004 | By Jared BlankTravel and real estate congolmerate is buying Orbitz for $1.2 billion in what I think is a great deal for both parties. Orbitz’ airline owners will get much-needed cash, and Cendant, which has been flailing online for years with Trip.com and Cheaptickets.com, will get a fantastic online distribution source.
If I may pat myself on the back slightly, I predicted this 18 months ago in an article in the Daily Deal. Click here to make myself feel vindicated (I’m in the 2nd to last paragraph).