AI assistant
HELLOWORLD TRAVEL LIMITED — M&A Activity 2015
Feb 12, 2015
65057_rns_2015-02-12_41d05cbd-eab8-4058-b611-3211480e6230.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [242 x 51] intentionally omitted <==
13 February 2015
Acquisition of Orbitz Worldwide, Inc. by Expedia, Inc.
Helloworld Limited (ASX:HLO) notes the announcement that Expedia, Inc. (Nasdaq: EXPE) has entered into a definitive agreement under which it will acquire Orbitz Worldwide, Inc. (NYSE: OWW) subject to approval by shareholders of Orbitz Worldwide and other customary closing conditions, including applicable regulatory approvals.
On 15 November 2013, HLO announced that it had entered into a Strategic Alliance Agreement with Orbitz Worldwide, which provides HLO with access to Orbitz Worldwide’s proven global technology platform to power HLO’s online channel helloworld.com.au . HLO notes that the respective obligations of the parties under the terms of the Strategic Alliance Agreement will be unaffected in the event that the acquisition of Orbitz Worldwide is successfully concluded.
ENDS
About Helloworld Limited
-
Helloworld Limited (ASX: HLO) is a leading Australian based travel distribution company, company, comprising retail travel businesses, air ticket consolidation, wholesale, corporate and online operations. This includes helloworld, Australia’s largest network of franchised travel agents, and helloworld.com.au.
-
helloworld is a nationwide network of independently owned and operated stores, offering Australian travellers unparalleled convenience, industry-leading service and the best value, tailor-made holidays.
-
helloworld was awarded Australia’s Best Travel Agency Group (100 outlets or more) at the 2014 National Travel Industry Awards.
-
helloworld has been creating lasting travel memories for more than 40 years through Harvey World Travel, Jetset Travel, Travelworld and Travelscene American Express brands.
MEDIA CONTACT: LJ Loch [email protected] m 0439 633 429; or David Mair [email protected]