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This date in deal history: Apollo buys Cendant unit

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Published July 25, 2006 at 4:00 PM

July 26, 2005: In what would mark the beginning of the end of Cendant Corp., the travel and real estate services firm agreed to sell its marketing unit to buyout firm Apollo Management for $1.83 billion. In the months following the sale, CEO Henry Silverman would set the course for the demerger of the empire he built. —Matthew Wurtzel

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