Sabre Corporation

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  • Jan. 23, 2015, 9:27 AM
    • Expedia (NASDAQ:EXPE) confirms the expected purchase of Travelocity from Sabre (NASDAQ:SABR) for $280M.
    • The company has been powering Travelocity's website since 2013.
    • Previously: Expedia might be acquiring Travelocity (Jan. 16 2015)
    | Jan. 23, 2015, 9:27 AM
  • Jan. 16, 2015, 4:08 PM
    • Oppenheimer observes the FTC has disclosed it granted Expedia (EXPE +1.2%) and Sabre (SABR +1.5%) an early termination notice regarding an antitrust review filing, with the acquired entity in the transaction being Travelocity.
    • With no announcement yet from either company, Oppenheimer states it "can only opine on the probability that Expedia is in the process of acquiring the entire Travelocity asset" from Sabre.
    • Expedia struck a deal with Sabre in 2013 to power Travelocity's tech platforms and provide its travel inventory, in exchange for a 50% revenue share; that deal provided a big lift to 2014 bookings. Oppenheimer argues a full acquisition of the travel platform would be a win-win: It would boost Expedia's U.S. share and top line, and would allow Sabre to shed a non-core asset and further de-lever its balance sheet.
    • Expedia's Q4 report is due on Feb. 5.
    | Jan. 16, 2015, 4:08 PM | 4 Comments
Company Description
Sabre Corporation provides technology solutions to the travel and tourism industry. It operates through two segments: Travel Network and Airline & Hospitality Solutions.