Expedia Announces Acquisition of Travelocity From Sabre
Feb 11, 2015 11:57AM
● By Kevin
Expedia, Inc. and Sabre Corporation announced on Jan. 23 that Expedia, Inc. has acquired Travelocity from Sabre Corporation for $280 million in cash, according to a press release by Sabre. The acquisition, the press release says, follows the 2013 strategic marketing agreement between Expedia, Inc. and Travelocity under which Expedia has powered the technology platforms for Travelocity’s US and Canadian websites along with providing Travelocity access to Expedia, Inc.’s supply and customer service program.
“Travelocity is one of the most recognized travel brands in North America, offering thousands of travel destinations to more than 20 million travelers per month,” said Dara Khosrowshahi, Expedia, Inc. President and Chief Executive Officer.
“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,” said Tom Klein, Sabre President and Chief Executive Officer. “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.”
Sabre is headquartered in Southlake and operates offices in approximately 60 countries around the world.