Iberostar / Viajar.com

Viajar.com, the Spanish travel internet portal unit owned by Deutsche Telekom's Spanish subsidiary Ya.com, has been acquired by Iberostar, reported Expansion.

The deal is valued at EUR 17m but includes a commitment to contract Ya.com services worth EUR 3m. The report cited Iberostar sources who explained that the company wanted to focus its attention on the Internet as it was one of the motors driving sector growth.

The report said that Iberostar has been renamed Orizonia [after it was acquired by the private equity firms Carlyle (60%) and Vista Capital (35%), and by a team of directors (5%) in July 2005].
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