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The technology provider to the travel sector expects to use the $960 million in net proceeds to pay down debt and focus on ...
Sabre Corp said on Monday it will sell its hospitality software platform to asset manager TPG for $1.1 billion and use the ...
Sabre's shares (SABR) rose +2.7% in premarket trading on Monday, after the company said that TPG (TPG) would acquire its ...
The divestiture will establish Hospitality Solutions as a standalone provider of software for the global hotel industry, ...
Sabre, which produces technology for the travel industry, announced a deal to sell its hospitality technology operations for ...
Sabre is selling its Hospitality Solutions unit to TPG for $1.1 billion, with the transaction expected to close in the third ...
The SaaS-based platform functions as an integrated system for managing reservations and guest information, enabling hoteliers ...
Transaction enables Sabre to pay down debt, optimize portfolio, and continue Its focus on sustainable growth. Transaction ...
Sabre shares jumped in early trading after the travel-technology company agreed to sell its hospitality-solutions unit to TPG for $1.1 billion. Shares traded 23% higher at $2.71. Sabre, based in ...
April 28 (Reuters) - Sabre Corp (SABR.O), opens new tab said on Monday it will sell its hospitality software platform to asset manager TPG (TPG.O), opens new tab for $1.1 billion and use the cash ...
Sabre will use approximately $960 million in net proceeds from the sale to reduce debt and strengthen its capital structure. TPG plans to grow Hospitality Solutions as a standalone platform ...
TPG has agreed to acquire Sabre’s hospitality solutions business for $1.1 billion. Headquartered in Southlake, Texas, Sabre is a travel tech company. The transaction will establish the hospitality ...