Travelport Closes Worldspan Buyout

Travelport Ltd., a owner of travel services company Galileo and, has completed its $1.4 billion acquisition of travel-booking service Worldspan. Blackstone Group and Technology Crossover Ventures bought Travelport from Cendant earlier this year for $4.3 billion. Court Square Capital and Teachers' Private Capital bought Worldspan in 2004 for around $900 million from Delta Airlines, Northwest Airlines and American Airlines.