The Auction for Travelport (B) Harvard Case Solution & Analysis

This case is a short epilogue Auction Travelport (A). Blackstone has decided to bid on their own, bought Travelport for $ 4.3 billion, and then went on to purchase another GDS, Travelspan, for $ 1.4 billion. Then combine the two GDSs and partially allocated in the IPO of its online business, travel, renamed Orbitz Worldwide, it has retained the GDS and wholesale travel. By the end of that year (2006), Blackstone generated savings of $ 270 million. In 2007, Blackstone also had a big deal capital market with Travelport, the release of new $ 1.1 billion senior unsecured term loan pic, which allowed Blackstone, to pick up all of their shares in the transaction. Later, during the financial crisis of 2008 and 2009, Blackstone bought Travelport and most of $ 1.1 billion of loans and other debts pic on the open market at prices ranging from 18% to 57% of the face value, creating a $ 610 million profit. "Hide
by Andrew Haji, Michael R. Sanval Source: Harvard Business School 1 pages. Publication Date: April 1, 2010. Prod. #: 710475-PDF-ENG

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