Seeking Alpha

Orbitz buys assets of Travelocity private label unit

  • 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.
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Comments (1)
  • BizTravTechGuy
    , contributor
    Comments (2) | Send Message
     
    Not a surprise and a good fit for OWW as Sabre sells off Travelocity, they previously sold their T-Biz/Travelocity For Business to BCD Travel.
    28 Feb 2014, 01:01 PM Reply Like
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