Orbitz to Soon Learn What Business Is Like Without Travelport's Influence
Skift Take
Break out the champagne. In many respects, Travelport has wielded a financially selfish and negative influence over Orbitz Worldwide for years. That influence will soon be gone in most respects, and Orbitz will begin to be able to chart a more independent course.
Except for one onerous contract, Orbitz Worldwide likely will soon be free from the control of Travelport, which has exercised its control or overriding influence for a decade.
That's because Travelport, as it gets ready to execute on a hoped-for IPO, is cashing out entirely of its holdings in Orbitz Worldwide.
Orbitz Worldwide has announced the pricing of 34 million shares in a public offering of its common stock held by an affiliate of Travelport, and the underwriter has the option to buy the remaining 5 million shares from the Travelport affiliate. This secondary
