Cendant Nears Deal to Buy Orbitz Travel Site
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The deal would end a daring experiment by the nation's airlines, which created Orbitz as a competitor to Expedia and online ticketing sites like it.
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The Cendant Corp. in New York said Wednesday it will acquire Chicago-based online travel company Orbitz Inc. for about $1.25 billion.
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Travel and real estate heavyweight  Cendant Corp. CD.N said on Wednesday it will buy travel Web  site Orbitz Inc. ORBZ.O for about $1.25 billion, making it  the No. 2 online travel agency.
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Aiming to put itself in the vanguard of the Internet travel business, America Online will invest an undisclosed amount in an upstart that threatens to lure customers away from the industry's most dominant players, such as Orbitz, Expedia and Travelocity.
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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 (CD:NYSE) sewed up a $1.25 billion acquisition of online travel giant Orbitz (ORBZ:Nasdaq), igniting another surge in shares of the airline-owned travel site.
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Sabre Holdings Corp. , 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 &#36;40 million.
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Travelocity takes off as its parent gets bought out.
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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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Cendant is going for growth in online travel.
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Cendant, the holding company that owns the Avis car rental firm and Ramada hotels, announced plans to acquire British-based online travel group ebookers for 404.3 million dollars.
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Internet travel agency Orbitz Inc. (ORBZ.O: Quote, Profile, Research) , which has agreed to be bought by Cendant Corp. (CD.N: Quote, Profile, Research) , on Wednesday reported a higher
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Shares of Orbitz (ORBZ) jumped more than 25% in after-hours trading Tuesday on reports that the travel and real estate company Cendant (CD) is close to an agreement to buy the online travel site for about $1.
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Hotel franchisor Cendant Corp. said Wednesday that it plans to buy Ramada International Hotels &amp; Resorts from Marriott International Inc.
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Cendant Corp., which owns Days Inn hotels and Avis Rent A Car Systems Inc., agreed to buy the UK&#39;s Gullivers Travel Associates and Octopus Travel Group Ltd.
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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 to sell more travel packages online.
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Travel and real estate heavyweight Cendant Corp.  said on Wednesday it will buy travel Web site Orbitz Inc.  for about &#36;1.25 billion, making it the No. 2 online travel agency.