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Sabre reported to be in takeover talks
Sabre Holdings is reported to be in $4 billion takeover talks with a group of private equity firms.
Two investor groups are reportedly vying for Sabre in a deal which would further shake-up the GDS industry following Travelport-owned Galileo’s planned $1.4 billion merger with Worldspan, announced last week.
According to a report in the New York Times, the bidding group favoured to win Sabre Holdings – parent of Travelocity and lastminutre.com – includes Silver Lake Partners and Texas Pacific Group. A rival bidding group is led by Apollo Group and a third group of investors is also considering an offer.
A deal worth $4.3 billion could be concluded as early as today, the report said, prompting Sabre shares to make their biggest rise in two years on the New York Stock Exchange.
Many of the firms who lost out in the bidding for Travelport are bidding for Sabre, it was claimed.
Report by Phil Davies
Phil Davies
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