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Market Sees Orbitz as Takeover Target

internetnews.com: Orbitz Could Be Snapped Up By Cendant

Several newspapers reported yesterday that Orbitz, the travel site created by several major airlines, may be acquired by Cendant for $1.2 billion. Orbitz is a major online marketer. Its stock jumped by more than a quarter in yesterday's trading, to a level just under the rumored price Cendant is willing to pay.

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Market Sees Orbitz as Takeover Target

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