Cendant-Orbitz Deal Would Reshape Industry

According to reports published yesterday by the Wall Street Journal and others, Cendant Corp. plans to acquire Orbitz for $1.2 billion in a deal that could be announced as early as Wednesday. Such a transaction carries a wide range of implications, not the least of which is delivering to Cendant a more solid consumer web presence than it had achieved through CheapTickets and Trip.com.