Sabre Corporation acquired Farelogix, Inc. for USD 360 million (announced; deal blocked and terminated), a transaction announced in November 2018.
Sabre agreed in November 2018 to buy Farelogix, an airline IT and distribution innovator, for $360 million, but the U.S. Department of Justice sued to block the deal and the U.K. Competition and Markets Authority opposed it; Sabre and Farelogix agreed to terminate the acquisition effective May 1, 2020. Value excluded from the aggregate total.
Sabre agreed in November 2018 to buy Farelogix, an airline IT and distribution innovator, for $360 million, but the U.S. Department of Justice sued to block the deal and the U.K. Competition and Markets Authority opposed it; Sabre and Farelogix agreed to terminate the acquisition effective May 1, 2020. Value excluded from the aggregate total.
We announced on November 14, 2018 that we have entered into an agreement to purchase Farelogix, a travel industry innovator in the airline information technology and distribution landscape for $360 million... Effective May 1, 2020, Sabre and Farelogix agreed to terminate the acquisition agreement.
Advisory firms were not disclosed for this transaction.