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...Hart, who during his time at Expedia worked on a number of acquisitions including of vacation rental service Vrbo and booking site Orbitz, declined to comment on any potential plans for a public offering...
...Mr Harford, who was previously chief executive of Orbitz and a board director at United, has been working with Uber as an advisor to the company for the last two months and will begin the role in January...
...The company — which operates a portfolio of travel brands including Travelocity, Orbitz and its namesake site — saw shares drop almost 19 per cent to $99.90 after the closing bell....
...Uber hires ex-Orbitz boss as No 2 Uber has appointed its first chief operating officer, Barney Harford, former chief executive of the travel website Orbitz, to handle global operations, filling a critical...
...Mr Harford, who was chief executive of travel company Orbitz until 2015, will be Uber’s second most senior executive and the company’s first COO when he starts work in January....
...To achieve this he recently brought on board Uber’s first chief operating officer, Barney Harford, who is a confidante and former colleague of Mr Khosrowshahi’s and was previously chief executive of Orbitz...
...He added that he considers Expedia to be “strategically complete” after a string of acquisitions including Travelocity, Orbitz and HomeAway....
...Expedia owns a range of other brands, including Trivago, Orbitz, Travelocity and Egencia, that supply it with large amounts of data about individual travel habits. * Another “existential threat”, as Mr...
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...Orbitz is growing more slowly in part because it is mostly a US business, and faster growth is overseas....
...Shares of Orbitz climbed 21.8 per cent by close of trading to $11.72. Expedia shares climbed 14.5 per cent to $89.57....
...American and Orbitz had a similar dispute a few years ago, and settled it. This may be why Orbitz shares have only fallen 5 per cent....
...The deal represented a 25 per cent premium to Orbitz’s closing share price on Wednesday....
...Orbitz operates under the Orbitz and Cheap Tickets brands in the US and as Ebookers in Europe....
...Shares in rivals also fell on Friday with Priceline shares declining 2 per cent to $1,022.42 while Orbitz shares slipped 2 per cent to $9.25....
...Rival Orbitz Worldwide advanced 0.2 per cent to $8.88 while Expedia rose 1.7 per cent to $83.94....
...Which makes Orbitz’s position as the weakest of the large online travel agents precarious. ● State-owned companies are not efficient, and this has consequences....
...The company completed about $937m worth of deleveraging transactions in the first half of this year – including debt for equity exchanges, and the sale of its Orbitz Worldwide division....
...Last month, for example, Expedia acquired Orbitz, a rival travel website, for $1.6bn, while Diller and his wife, the fashion designer Diane von Fürstenberg, recently announced a $130m plan to create a new...
...Reservation sites such as Expedia, Orbitz and Priceline have been mired in legal battles for years with municipal governments from Florida to Hawaii, whose officials argue the travel sites are not handing...
...The eight-year-old company, whose founders come from the rival online travel industry sites Orbitz, Expedia and Travelocity, is a so-called “meta-search” company that draws on results of other search engines...
...Sales at Orbitz fell 2.9 per cent in the period to $177m because of a “weaker overall travel market” because of economic conditions in Europe....
...Still, American has yet to resolve ongoing disputes with several other important distribution partners including Orbitz, the travel website, and Travelport, one of the three main GDS’s....
...Shares in Expedia were down 0.4 per cent at $25.51 while Orbitz shares were unchanged at $5.25....
...Expedia said the new set-up was an expression of solidarity with Orbitz as well as a move to head off “a possible disruption in Expedia’s ability to sell American Airlines tickets when our contract with...
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