Cendant likely to sell Travelport division
Laptop Battery Cendant has stated that it is pursuing an alternative plan to
sell Travelport, rather than spin it off, making a sale of
Travelport the more likely alternative.
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Thinkpad According to reports, buyout firms Bain Capital, Texas Pacific
Group and Apollo Management are bidding for the division in what
could be a $4.5 billion transaction.
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Microsoft Travelport includes Orbitz, Galileo, CheapTickets, eBookers,
Gullivers Travel Associates.
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Laptop Computers If it is acquired, the
company expects the net proceeds
fund to go to Realogy and Wyndham Worldwide, which would repay
Cendant's corporate debt.
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Laptop Computer After the spin-offs of Realogy and Wyndham Worldwide, which are
now expected to occur simultaneously in mid-July, and upon the sale
or spin-off of Travelport, Cendant will be a separate publicly held
company and will operate its Avis and Budget
vehicle
rental operations as Avis Budget
Group, Inc.
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Desktop Computer Cendant first announced its plans to spin off Travelport into a
public company in October.
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