FT.com
"The consolidation of the online travel sector intensified yesterday when Cendant, the world's largest travel group, made an agreed all-cash bid for Ebookers worth £209m." By Matthew Garrahan Published: December 3 2004 02:00 | Last updated: December 3 2004 02:00
Ebookers will join a growing UK portfolio of travel companies run by Cendant, including Travel 2/4 acquired last year.
Travelmole add backgound and details of other recent purchases.
"Ebookers will join a growing UK portfolio of travel companies run by Cendant, including Travel 2/4 acquired last year.
Cendant also purchased the largest US online firm Orbitz last month for $1.2 billion to add to Australian company Flairview Travel, which runs the HotelClub.com and RatesToGo.com online brands across14 countries. Cendant owns Galileo, Avis in the US, a range of hotel brands, timeshare company RCI and tour operators in the UK domestic and European package holiday sectors.
Cendant was believed to be up against Sabre to acquire ebookers, which will now become part of its Travel Distribution Services division but run as a separate entity."
Cendant also purchased the largest US online firm Orbitz last month for $1.2 billion to add to Australian company Flairview Travel, which runs the HotelClub.com and RatesToGo.com online brands across14 countries. Cendant owns Galileo, Avis in the US, a range of hotel brands, timeshare company RCI and tour operators in the UK domestic and European package holiday sectors.
Cendant was believed to be up against Sabre to acquire ebookers, which will now become part of its Travel Distribution Services division but run as a separate entity."
Analysis to be added...
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