Ebookers update.

Interactive Corp (IACI) disclosed that it is not interested in Ebookers (EBKR). As mentioned in an earlier post, Ebookers is planning to sell itself. While this is disappointing news in the short-term, I am still seeing this as a buying opportunity. If not IACI, one of Cendant, The Sabre Group or Priceline may end up buying them.

Cendant (CD) meanwhile just acquired Orbitz (ORBZ) at a juicy premium. While I had added Orbitz to my target list a while back, I could not buy any shares since it was not available via Sharebuilder :-(

Interactive Corp may counter with a similar acquisition - Priceline (PCLN) perhaps ?

Ctrip (CTRP, LastMinute (LMIN) and The Sabre Group (TSG) are other possible targets, but they are all fairly valued currently.

Best bet among the bunch - Priceline (PCLN).