Travelport on Elliott Associates, L.P. Investment
Travelport Worldwide Limited (“Travelport”) (NYSE:TVPT) notes the announcement today by Elliott Associates, L.P. that it has taken an 11.8% economic interest in the company.
Travelport has regular and open dialogue with its shareholders and, in this context, considers contributions made by all shareholders about the development of Travelport’s strategy.
About Travelport
Travelport (NYSE: TVPT) is the technology company that makes the experience of buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Travelport facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel platform.
Travelport has a leadership position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. Travelport also provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions. With net revenue of over $2.4 billion in 2017, Travelport is headquartered in Langley, U.K., has over 4,000 employees and is represented in approximately 180 countries and territories.
