Travelport said Tuesday that it has
completed its acquisition of Worldspan in the wake of a decision by
anti-trust regulators in the European Union that the deal wont
adversely affect consumers.
Travelport is
acquiring Worldspan, a GDS and Web-booking service provider, for
$1.4 billion. The combination, the company said, will create the
largest network of travel brands, content and service providers in
the world.
Travelport is the
parent of Travelport Group, which includes companies GDS Galileo;
GTA, a content wholesaler;, and Orbitz Worldwide.
The company, which
now provides travel distribution services to 750 travel suppliers,
63,000 travel agencies and consumers on a global basis, is owned by
New York-based private equity firm the Blackstone Group, Technology
Crossover Ventures of California and One Equity Partners of New
York.
The company had
$2.6 billion in revenue last year, and employs some 6,000
people.
To
contact reporter Dan Luzadder, send e-mail to [email protected].