Sabre Holdings to Be Bought for $5 Billion

Sabre Holdings, Silver Lake Partners and Texas Pacific Group (TPG) announced Tuesday that they have signed an agreement under which Silver Lake Partners and TPG will acquire Sabre Holdings for $32.75 per share in cash, a transaction that is valued at approximately $5 billion. "After a thorough assessment, we concluded that this transaction represents a compelling outcome for our shareholders, customers and employees," said Sam Gilliland, chairman and CEO of Sabre Holdings. The company does not expect changes to its current executive management team, and its corporate headquarters will remain in Southlake, TX. Sabre Holdings' companies include: Travelocity, Sabre Travel Network and Sabre Airline Solutions. It has approximately 9,000 employees in 45 countries. More information is available at [www.sabre-holdings.com].

Suggested Articles

Lindsay Pearlman’s decision to leave Ensemble Travel Group is the latest major executive move this week in the travel industry. Here's what you need to…

New research from IT and services company Vevox tackles dealing with employee ideas. Here's an inside look.

Concerns over escalating tensions with Iran have prompted United to cancel its flight between Newark and Mumbai, which had flown through Iranian airspace. Here…