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Announced

Sabre terminated the agreement to acquire Farelogix for $360m.

Financials

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Transaction Value£278m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

software development

Acquisition

Software

software-as-a-service

United States

Majority

Single Bidder

Friendly

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Synopsis

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Sabre, a software and technology company terminated the agreement to acquire Firelogix, a recognized innovator in the travel industry with advanced offer management and NDC order delivery technology, for $360m. “Sabre and Farelogix have agreed to terminate the parties’ merger agreement, which expired at midnight on April 30. We continue to believe that the transaction was not anti-competitive, a result confirmed by the US federal district court’s decision in Sabre’s favor. Unfortunately, the United Kingdom’s Competition and Markets Authority - acting outside the bounds of its jurisdictional authority - has prohibited the transaction. We strongly disagree with the CMA’s decision," Sabre.

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