Sabre Abandons Bid to Buy Farelogix After Antitrust Battles Take a Toll
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This decision is no surprise. The world has changed a lot since November 2018, when Sabre first proposed buying travel tech vendor Farelogix. Actions by antitrust watchdogs in the UK and the U.S. delayed the deal's approval. Then coronavirus hurt Sabre's finances.
Sabre said Friday it would no longer pursue its acquisition of Farelogix. The move came after a ruling by UK regulators prohibiting the transaction.
The Southlake, Texas-based travel software company made an offer for Farelogix valued at about $360 million in November 2018. The UK's Competition and Markets Authority (CMA) in early April ruled against the deal.
Sabre does intend to appeal the UK watchdog's ruling to the Competition Appeals Tribunal.
