Sabre enters into definitive agreement to sell its Hospitality Solutions business unit to TPG for $1.1 billion ...Middle East

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Sabre enters into definitive agreement to sell its Hospitality Solutions business unit to TPG for $1.1 billion
source : hospitality net ( Middle East ) () 72
Sabre Corporation (NASDAQ: SABR), a leading technology provider to the global travel industry, and TPG, (NASDAQ: TPG), a global alternative asset management firm, today announced the signing of a definitive agreement under which TPG has agreed to acquire Sabre’s Hospitality Solutions business ("Hospitality Solutions") for $1.1 billion in cash. TPG will invest in Hospitality Solutions through TPG Capital, the firm’s U.S. and European private equity platform.

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