Travelport Agrees to Sell Enett to Wex at a Bargain Price
Wex Chair and CEO Melissa Smith has proven her mettle by being shrewd negotiators, going up against the famously ferocious litigators of Elliott Management, part-owner of Travelport. Wex, a payments company, has bought eNett and Optal from Travelport for $577.5 million, less than the $1.7 billion original price. Wex
Skift Take: Wex Chair and CEO Melissa Smith has proven her mettle by being a shrewd negotiator, going up against the famously ferocious activist investor Elliott Management, part-owner of Travelport.
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