When Orbitz Worldwide announced a proposed acquisition by Expedia Inc last month, it had reached the end of a long series of attempts to try to sell itself, the Chicago-based company revealed in a regulatory filing today.
Since September 2014, Orbitz Worldwide has been trying to sell itself, talking with 15 entities — foreign and domestic, industry and financial — before settling on Expedia in a $1.43 billion transaction.
The talks began in earnest last summer after Travelport sold its substantial stake in the company. Investment bank Qatalyst Partners was the go-between with suitors.
