Orbitz buys assets of Travelocity private label unit

|About: Orbitz Worldwide, Inc. (OWW)|By:, SA News Editor

Orbitz (OWW +2.3%) has bought the assets of Travelocity Partner Network, a provider of provide label online travel offerings for e-commerce sites and bank loyalty programs. The unit will be integrated with Orbitz's own partner network.

The sale comes less than a year after Travelocity struck a deal with Expedia to put the latter in charge of its travel inventory and tech platforms. Travelocity parent Sabre has filed for a $100M IPO.

Orbitz doesn't expect the purchase to "have a material impact" on 2014 adjusted EBITDA.