Cendant Corporation has agreed to acquire privately held, UK based Gullivers Travel Associates, the trading name of Donvand Ltd., and Octopus Travel Group Ltd. for approximately $1.1 billion in cash. Gullivers Travel Associates is a leading wholesaler of hotels, destination services, travel packages and group tours, and OctopusTravel.com is a global online provider of lodging and destination services, selling directly to consumers as well as through third party affiliate and primarily low cost airlines. This acquisition provides Cendant with vast wholesale hotel, tour and packaged travel content, and expands its global footprint in the travel distribution business.
This article was published over a month ago, and is now only available to our Premium & Club members
Access all content and enjoy the benefits of subscription membership
and access the archives for more than a month following the articleRegister
Already signed up? Identify yourself
An articleBuy the article
A pack of 10 articlesBuy the pack
Already signed up? Already signed up? Already signed up? Already registered? Login here!