Avis company buys ebookers for £209m

Online travel company ebookers is to be bought by the owner of the Avis car rental business after agreeing a deal today worth £209m (€302.6).

Avis company buys ebookers for £209m
Thu, 02 Dec, 2004 - 18:22

Online travel company ebookers is to be bought by the owner of the Avis car rental business after agreeing a deal today worth £209m (€302.6).

US-based travel and property business Cendant said the acquisition would give it a major foothold in Europe, allowing it to link its hotels and car rental businesses to the long-haul flights offered by ebookers.

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