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Sabre to Sell Hotel Reservations Platform for $1.1 Billion

Skift Take Sabre's sale of its hotel reservations tech should help the travel tech company focus on its core airline business. It's notable that a PE firm rather than a rival player, such as Oracle or Cendyn, chose to buy. The private equity arm of TPG will acquire Sabre's hospitality solutions business for $1.1 billion in cash, the companies said Monday. "This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms," said Kurt Ekert, president and CEO of Sab...

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