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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]
Orbitz.com is a travel fare aggregator website and travel metasearch engine. ... "Cendant Corporation Completes Acquisition of Orbitz". November 12, 2004.
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 .
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
Blackstone completed the $37.7 billion acquisition of one of the largest owners of commercial office properties in the US. At the time of its announcement, the EQ Office buyout became the largest in history, surpassing the buyout of Hospital Corporation of America. It would later be surpassed by Kohlberg Kravis Roberts's buyout of TXU.
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.
Prior to its current ownership, the Trip.com domain name was used by Trip Software Systems from 1996 to 1998, Antoine Toffa from 1998 to 2000, Cendant from 2001 to 2003, Orbitz from 2009 to 2013, and Expedia from 2015 to 2016.