Deal follows 18-month Expedia-Sabre partnership
Expedia has agreed to buy online travel agency Travelocity from Sabre for $280 million in cash. The deal comes 18 months after the two companies agreed a partnership that saw Expedia effectively power Travelocity.
“The strategic marketing agreement we’ve had in place has been a marriage of Travelocity’s strong brand with our best-in-class booking platform, supply base, and customer service,” said Dara Khosrowshahi, Expedia’s president and chief executive.
Tom Klein, president and chief executive of Sabre: “Our primary focus at Sabre is to provide mission-critical software solutions to our global airline, hospitality, and travel agency customers – and to help them support their customers every day.
“We have had a long and fruitful partnership with Expedia, most recently by partnering to strengthen the Travelocity business, so our decision to divest Travelocity is a logical next step for us both.”
[pictured: Sabre headquarters]