Skift Take
Travelport's backers have won their feud with lenders. Now Siris Capital and Elliott Management's asset management arm need to defeat payment firm Wex in court over a disputed eNett sale.
Travelport, the travel-booking platform co-owned by Siris Capital and activist investor Elliot Management, borrowed $500 million from its owners in a loan secured in May against the company's core intellectual property, valued at about $1.15 billion, as Skift reported. The owners ring-fenced Travelport's intellectual property, denying it as collateral for Travelport's
