You are not logged in: Client login
T2RL Home
 
 
 
Sabre and Farelogix deal is dead
Sabre and Farelogix have agreed to terminate the agreement. Sabre CEO, Sean Menke citied the UK's Competition and Markets Authority as the primary reason for the agreement's termination. Whilst there is little doubt Farelogix would have helped Sabre compete more effectively against Amadeus, the reality of the current liquidity crisis in the travel industry has affected and will continue to affect both Sabre and Farelogix. T2RL believe, that even with the current crisis there will be other suitors for Farelogix should the shareholders still wish to dispose of the asset. However the price will not be $360M. Potentially the current Farelogix shareholders may wish to wait until better times for a better price.
Published: 01/05/2020




SOUTHLAKE, Texas - May 1, 2020 - Sabre Corporation, the leading software and technology company that powers the global travel industry, today issued the following statement from Sabre President and CEO Sean Menke regarding its merger agreement with Farelogix: "Sabre and Farelogix have agreed to terminate the parties' merger agreement, which expired at midnight on April 30. We continue to believe that the transaction was not anti-competitive, a result confirmed by the U.S. federal district court's decision in Sabre's favor. Unfortunately, the United Kingdom's Competition and Markets Authority (CMA)- acting outside the bounds of its jurisdictional authority - has prohibited the transaction. We strongly disagree with the CMA's decision. We remain committed to our long-term goal of creating a new market for personalized travel. Positioned at the center of the business of travel, Sabre is a critical component of the travel ecosystem. We are uniquely situated to create solutions that expand the distribution access of rich content via the Global Distribution System (GDS) marketplace and also help airlines create personalized offers for their customers, including the development of NDC-enabled solutions." Source: https://www.sabre.com/insights/releases/sabre-corporation-issues-statement-on-its-merger-agreement-with-farelogix/


 
Contact us  |  Privacy  |  Glossary  |  Terms  |  T2RL.com  |  Manage Account  |  About

T2RL Engage Conference