Deals
Orbitz Is Said to Explore Sale, Draw Buyout Interest
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Orbitz Worldwide Inc., the online travel agent that runs Orbitz.com and Cheaptickets.com, is exploring a sale, people with knowledge of the matter said.
The company is working with a financial adviser as it reaches out to potential buyers, said the people, asking not to be identified discussing private information. Chicago-based Orbitz has drawn interest from private equity funds and other Internet companies, the people said, without identifying potential buyers.