dollars. Shelton served 8 of his 10-year prison sentence before being released early for exemplary behavior. Former CEO Walter Forbes was sentenced to 12 years in prison in 2007. Under Silverman, Cendant bounced back from the accounting scandal far outperforming the markets in the early 2000s. Post-scandal Following the fraud debacle, Cendant began selling businesses to reduce its debt and repair the financial damage caused by the accounting scandal. In 1998 the company sold Hebdo Mag, a publisher of classified advertising publications, for $450 million to a management buyout group. In 1999 it sold its consumer software division, Cendant Software (consisting of Blizzard Entertainment, Davidson & Associates, Knowledge Adventure, and Sierra On-Line), to French publisher Havas for $770 million. By 2001, Cendant was again in acquisition mode. It re-acquired the operations of Avis Rent a Car for $937 million. It made moves towards building a major online travel portal by acquiring Galileo International for $2.9 billion, and Cheap Tickets for $425 million. It entered the timeshare sales and management business by buying Fairfield Communities for $690 million, and Trendwest Resorts for $980 million. In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. The combination of Budget with Avis made Cendant the second-largest car rental company in the U.S. In 2004, Cendant began a series of moves to simplify its business and focus on its core areas of real estate and travel. As part of this strategy, several non-core businesses were sold or spun off. In June 2004, Cendant sold Jackson Hewitt for $638 million through an initial public offering. In January 2005, Cendant spun off its mortgage and fleet management businesses as PHH Corporation. The next month, Cendant sold its Wright Express division, a provider of fleet cards, for $1.03 billion through an initial public offering. In October 2005, Cendant sold its marketing services division, including its membership shopping programs, to Affinion Group, a vehicle of Apollo Management, for $1.8 billion. Meanwhile, proceeds from these sales were used for acquisitions to expand Cendant's core businesses. In November 2004, Cendant purchased Orbitz, the third-largest travel booking site in the U.S., for $1.2 billion. In December 2004, Cendant consolidated its control of the Ramada name by buying out Marriott International's stake in the hotel brand. In February 2005, Cendant acquired Ebookers, the second-largest travel booking site in Europe, for $350 million.