The Orbitz Merry-Go-Round
In its brief life, Orbitz Worldwide has endured more ownership changes than many corporations have over a century. Since launching its online travel site in 2001, the Chicago company has been the collective property of its five airline founders, a publicly traded corporation, a subsidiary of conglomerate Cendant, a unit of private-equity powerhouse Blackstone Group, and since its July IPO, a publicly traded outfit again.
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