Release Details
Bravofly Rumbo Group makes binding offer to acquire lastminute.com from Sabre Corporation
Acceptance of the offer is subject to the completion of employee information and consultation processes, following which closure would be expected to occur in Q1 2015.
In August, Sabre announced it was exploring strategic options for
The potential acquisition is part of Bravofly Rumbo Group's growth plans to select and integrate valuable assets, and would represent a significant step forward in the Group's long-term strategy to help people get the best travel experience.
Under the terms of the offer, Bravofly Rumbo Group would acquire all of
The value of the potential transaction for Sabre is approximately US
Sabre was advised by
About Sabre
Sabre Corporation (NASDAQ: SABR) is a leading technology provider to the global travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre® also operates a leading global travel marketplace, processing over
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. These forward-looking statements convey Sabre's current expectations or forecasts of future events. Forward-looking statements, including the acceptance of the offer described herein, the closing of any proposed transaction, and any effects of the proposed transaction, involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. Certain of these risks and uncertainties include the employee information and consultation processes and obtaining required regulatory approvals, as well as the risks and uncertainties described in the "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" sections of Sabre's prospectus filed with the
About Bravofly Rumbo Group
Bravofly Rumbo Group is an online travel agency, or OTA, with a strong presence in
Some of the information contained in this press release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Bravofly Rumbo Group undertakes no obligation to publicly update or revise any forward-looking statements.
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