United States

Orbitz Worldwide Inc (OWW.N)

OWW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Expedia Inc to acquire Orbitz Worldwide
Thursday, 12 Feb 2015 08:05am EST 

Expedia Inc:Enters into a definitive agreement under which it will acquire Orbitz Worldwide, Inc, including all of Orbitz Worldwide's brands, for $12.00 per share in cash, representing an enterprise value of about $1.6 bln.Premium of about 29 pct over the volume weighted average share price for the five trading days up to and including Feb. 11.  Full Article

Skiplagged and Orbitz Worldwide Inc agree to terms to settle lawsuit
Monday, 9 Feb 2015 05:52pm EST 

Orbitz Worldwide Inc:Internet travel site Skiplagged and Orbitz Worldwide have agreed to terms that will settle litigation filed by Orbitz, under which Skiplagged will not redirect traffic to Orbitz.com and other Orbitz Worldwide websites.Says in addition, Skiplagged agreed not to use Orbitz Worldwide brands, logos, trademarks, images or other copyrighted materials on the Skiplagged website or mobile apps.Under the settlement agreement, neither party admitted wrongdoing.The agreement removes Orbitz Worldwide from litigation it jointly filed with United Airlines against Skiplagged on Nov. 17, 2014 relating to Skiplagged's publication of airline hidden-city price and route information.Orbitz joined in the litigation after Skiplagged declined a request to disable hidden-city booking links to Orbitz, which Orbitz believed posed contractual risks for the company relating to supplier agreements with certain airlines and infringed Orbitz' trademarks.  Full Article

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