Travelport Limited (Blackstone Group) is selling a portion of it’s interest in Orbitz to the public. The transaction is to be completed Q3 2007. See the full press release here.
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Travelport is one of the world’s largest travel conglomerates. It operates 20 leading brands including Galileo, a global distribution system(GDS); Orbitz, an on-line travel agent; and Gulliver’s Travel Associates, awholesaler of travel content. The Company has 8,000 employees and operatesin 130 countries. Travelport is a private company owned by The BlackstoneGroup of New York, Technology Crossover Ventures of Palo Alto, California and One Equity Partners of New York.