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Cendant to snap up Orbitz for $1.25 billion : "update Cendant, a travel and real estate company, announced Wednesday it will acquire online travel site Orbitz in a $1.25 billion deal.
Cendant plans to pay $27.50 a share in cash to acquire Orbitz, which is a formidable competitor among the online travel sites. Under the agreement, Cendant will continue to offer both Orbitz and its CheapTickets brands in the consumer travel market. "