Oct 31, 2011

Sixth Scott Still A Mystery, YTB Fires Orbitz

The terms of the asset sale may (if all benchmarks are met to the maximum level) realize YTB $7.5 million for the sale of their travel company.

Part of the agreement includes terminating the agreement they just put in place with Orbitz last January.  The agreement also ties in the sale price to the number of "RTAs," which explains why YTB made a huge push to renew dormant RTAs after the convention.

I am unaware of any penalties from Orbitz for terminating their agreement.

The details of the sale can be found in this filing! (PDF)