Travelport, the third-largest ecommerce platform for the distribution of air, hotel, and other travel content, is close to being taken private at the end of a process begun at the start of the year by New York activist investor Elliott Management.
Reuters reports that buyout firm Siris Capital Group is working with Elliott Management to acquire the company. Sources did not disclose potential terms for the transaction or the purchase price. Travelport’s market capitalization as of Thursday was about $1.9 billion.
Travelport declined to comment on the report.
Elliott is run by Paul Singer, a well-known activist investor. When Elliott revealed in a regulatory filing that it had taken a 12 percent stake in Travelport, it said it would ask Travelport’s management and board of directors to consider various options, such as unlocking the value of its payments unit eNett.
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