Tim Hughes puts the boot into the highs and lows of the online travel business (with an Australasian/Asian bias) with some blogging about consuming and loving travel thrown in.
Thursday, July 13, 2006
Travelport owner Blackstone has more cash than God
Newswires are now reporting that Blackstone (new owner of Travelport) has increase their fund through a capital raising round of US$15.6bil. It goes without saying that this is a mountain of money. This makes Blackstone is the biggest private equity group there is. Interesting home for Travelport to find itself and confirms my suspicion that a break-up will be the likely outcome.
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travelport
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