Expedia has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion. With the completion of the transaction, Orbitz Worldwide stock is no longer being traded on the New York Stock Exchange.
Visa is working with Orbitz for Business, the corporate travel brand of Orbitz Worldwide, to provide corporate clients with a turn-key, end-to-end travel and expense solution designed to make booking, reconciliation and reporting more efficient.
Expedia has announced it has entered into a definitive agreement under which it will acquire Orbitz Worldwide, including all of Orbitz Worldwide’s brands, for $12.00 per share in cash. The deal represents an enterprise value of approximately $1.6 billion, and a premium of approximately 29 per cent over the volume weighted average share price for the five trading days up to and including February 11th, 2015.
Orbitz Worldwide has reached an agreement with American Airlines to continue to offer American Airlines and US Airways flights on all of its sites. Consumers should see all available flights immediately. All tickets previously purchased on Orbitz Worldwide sites remain valid.
Leading online travel company Orbitz Worldwide has partnered with Puerto Rico Tourism Co. to launch “Orbitz Originals: Secrets of Puerto Rico,” a 10-part online video series that is hosted by award-winning travel expert Richard Bangs and is available for viewing at Orbitz.com/PuertoRico.
Online booking community HotelClub has appointed Dandan Cheng as VP & Managing Director, HotelClub China. In this newly created role she will lead HotelClub’s Chinese brand “HotelClub - 好客邦” (“Hàokèbāng”) in China’s rapidly growing travel sector. Based in Shanghai, China, Cheng will report to Nicolas Chu, President of HotelClub.
Orbitz Worldwide has acquired certain assets and contracts of the Travelocity Partner Network which provides private label travel technology solutions for bank loyalty programs and online commerce sites. The operations of the Travelocity Partner Network will be integrated into the Orbitz Partner Network.
Amadeus and Orbitz Worldwide, a leading global online travel company which uses technology to transform the way consumers around the world plan and purchase travel, have announced the two companies have entered into a new multi-year agreement. At the same time Orbitz has also completed a long term GDS agreement deal with Travelport, a leading distribution services and e-commerce provider for the global travel industry.
Affirming its commitment to industry-leading mobile travel planning tools for consumers, Orbitz.com today announced the re-launch of the Orbitz Flights, Hotels, Cars app for Android, adding major speed improvements and single-screen booking for flights, hotel rooms and car rentals for the massive number of travelers now carrying Android-powered smartphones.
Barney Harford, chief executive, Orbitz Worldwide, speaks to Breaking Travel News at the World Travel & Tourism Council Global Summit in Abu Dhabi.
Orbitz today launched the Orbitz Flights, Hotels, Cars app for iPad, an extension of its top-rated mobile apps. The Orbitz app for iPad is the only fully native, in-app experience that allows consumers to search and book all three major components of a trip.
Leading online travel company Orbitz Worldwide Inc. announced today it is exploring strategic alternatives for some or all of the assets within the Away Network. The Away Network includes specialized travel content, valuable domain names with strong organic traffic and an active customer base seeking travel news and deals.