Thursday, September 30, 2004

Cendant and Orbitz make definitive agreement :: Travel Weekly -

:: Travel Weekly - The National Newspaper of the Travel Industry :::Quote: "Cendant and Orbitz entered into a definitive agreement where the travel and real estate company will buy Orbitz for some $1.25 billion...

This will "enable Cendant and its online holdings, including Cheap Tickets, to edge out Travelocity in online market share, 22% to 20%, according to Legg Mason. IAC/InterActiveCorp commands 49% of the online travel market"...

Also " may be a major plus for Galileo, although rival Worldspan has a long-term contract with Orbitz. That's because many observers look for a transition from Worldspan to Galileo.
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