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Orbitz Considering Possible Sale, Stock Up ~10%

JILLIAN D'ONFROJan 21, 2015, 00:18 IST

The travel site Orbitz is considering a possible sale, according to Bloomberg. The company's stock is up ~10% on the news.

The company is working with a financial advisor to reach out to potential buyers, sources tell Bloomberg's Alex Sherman and Matthew Campbell. The company, which went public in July 2007, also runs Cheaptickets.com and has a market value of $1 billion. It expects to pull in a record $932 million in revenue this year.

It is reportedly drawing interest from private-equity funds and other internet companies.

This story is developing.