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Travelport Worldwide Ltd. engages in the management of travel commerce platform which provides travel and tourism services. It operates through the Travel Solutions and Payment Solutions. Read More The Travel Solution segment comprise of air and beyond air and technology services and The Payment Solution segment comprise of B2B travel payment solutions through eNett. The company was founded in 2006 and is headquartered in Langley, the United Kingdom.
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Russia may take months to review Travelport deal, threatening buyout - report
Russian regulators say they may need as long as nine months to review the proposed $4.4B buyout of Travelport (NYSE:TVPT), the New York Post reports.
Seeking AlphaMay 21
Travelport slips on deal fears
DealReporter is saying Russia's Federal Antimonopoly Service might have issue with the sale to Siris. Travelport (NYSE:TVPT) late last year agreed to a sale to Siris (and others) for about $4.4B, or $15.75 per share....
Yahoo FinanceMay 10
Travelport’s Plans to Go Private Held Up by Russian Regulators
Travelport is set to go private shortly, but the timing has been delayed by regulators. On March 15, shareholders of the company approved a takeover by financial firms Siris and Evergreen Coast Capital, a unit of hedge fund Elliott Management. However, the deal still faces regulatory approval, including an OK by authorities in the Russia Federation, where the Langley, UK-based company does some business. In a regulatory filing on Friday, the company said that “the process of obtaining Russian approval has...
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