23.16 0.00 (0.00%)
After hours: 4:09PM EDT
|Bid||19.79 x 4000|
|Ask||23.14 x 1200|
|Day's Range||23.09 - 24.01|
|52 Week Range||19.41 - 26.62|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||26.35|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||0.56 (2.33%)|
|1y Target Est||25.92|
The lab will be the headquarters for Sabre Labs, which is run by former Google executive Sundar Narasimhan.
BOSTON, Aug. 21, 2019 /PRNewswire/ -- Texas-based Sabre Corporation (SABR), the leading technology provider to the global travel industry, hosted a ribbon cutting ceremony today to mark the grand opening of its Boston Innovation Lab. Boston Mayor Marty Walsh was among the guests who shared remarks during the event led by Sabre CEO Sean Menke and Sabre Labs president and former Google executive, Sundar Narasimhan.
The U.S. Department of Justice is suing to block Sabre's $360 million acquisition of Farelogix. In a suit filed Wednesday, federal government attorneys said they have obtained text messages where Sabre executives acknowledged that acquiring Farelogix would eliminate a competitive threat and further entrench Sabre in booking services. On the day Sabre announced its intention to […]The post Texts Between Sabre Execs About Farelogix Deal Fuel U.S. Antitrust Lawsuit appeared first on Skift.
While the feds are preparing to stop Sabre's $360 million deal for Farelogix, the Southlake company struck back, saying the DOJ's claims "lack a basis in reality and reflect a fundamental misunderstanding of the industry."
SOUTHLAKE, Texas, Aug. 20, 2019 /PRNewswire/ -- Sabre Corporation (SABR), a leading technology provider to the travel industry, announced today that it will challenge the lawsuit filed by the U.S. Department of Justice (DOJ) seeking to block the company's planned acquisition of Farelogix, Inc. Farelogix, a recognized innovator in the highly competitive airline technology space whose New Distribution Capability (NDC) technology is used by a number of airlines around the world, will bring capabilities to Sabre that will accelerate the delivery of the industry's first end-to-end NDC-enabled solution for the retailing, distribution and fulfillment of travel. Sabre is confident of the pro-competitive nature of this transaction, that it will succeed in court, and that the transaction will ultimately be completed.
Last week, Sabre said it planned to close the deal announced in November by Wednesday unless the Justice Department sued. The companies agreed last week to extend the termination date of their acquisition agreement to April 30 to allow time for any Justice Department challenge to be resolved. The suit, filed in U.S. District Court in Delaware, said the firms compete head-to-head to provide booking services to airlines, including offering IT solutions that allow airlines to sell tickets and ancillary products through traditional brick-and-mortar and online travel agencies to the traveling public.
Sabre may be heading to court over its proposed deal to buy Farelogix after all. The U.S. Justice Department is preparing to sue to block Sabre Corp.’s (Nasdaq: SABR) proposed acquisition of Farelogix over concerns the deal will harm competition, Bloomberg reported Friday, citing a person familiar with the matter. The move would follow Sabre’s decision to inform the DOJ was planning to wrap the acquisition Aug. 21.
(Bloomberg) -- The U.S. Justice Department is preparing to sue to block travel technology company Sabre Corp.’s proposed acquisition of Farelogix Inc. over concerns the deal will harm competition, according to a person familiar with the matter.The department’s antitrust division is set to file a lawsuit as soon as Monday, said the person. Sabre announced plans Wednesday to close the deal next week.Sabre agreed to buy Farelogix in November for $360 million. Both companies provide information technology systems that enable airlines to sell tickets.The Justice Department challenge would follow concerns raised by the U.K.’s antitrust regulator on Friday. The Competition and Markets Authority said its initial investigation of the takeover found Farelogix is a competitive threat to Sabre because it relies on a disruptive business model and has brought innovation to the market even though it’s smaller.“Should the deal go ahead as planned, the CMA is concerned that Sabre would not face enough competition from other suppliers, leading to higher prices or lower quality services, as well as reduced innovation in the industry generally,” the regulator said.U.S. antitrust officials are under pressure to get tougher on acquisitions of startups by large technology companies. Advocates of stricter enforcement say the deals have allowed tech firms to solidify their dominance by eliminating rivals.Sabre declined to comment and pointed to the company’s previous commitment to offer Farelogix products at the same or lower prices and to continue to invest in its technology. The Justice Department didn’t respond to a request for comment.Sabre, based in Southlake, Texas, said Wednesday that it would close the deal on Aug. 21. The company said it was extending the merger’s termination date to April 30 to allow time for any Justice Department lawsuit to be resolved.“Over the past nine months, we believe we have done all we can to address the DOJ’s concerns,” Sabre Chief Executive Officer Sean Menke said in a statement. “While we hope the DOJ will ultimately recognize that this transaction is pro-competitive, we are prepared to vigorously defend the deal in court if necessary.”To contact the reporter on this story: David McLaughlin in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Budget airline Spirit Airlines last week bought more airline technology from Sabre, signaling that the tech vendor's sales team is abandoning its defensive mode. Texas-based Sabre is now seeking an increased wallet share of existing customers. The trend is a turnabout. For years, carriers complained about Sabre's tech. The tools aim to help airlines with […]The post Sabre's Deal With Spirit Underscores Its Airline Tech Rebound appeared first on Skift.
SOUTHLAKE, Texas, Aug. 14, 2019 /PRNewswire/ -- Sabre Corporation (SABR), the leading technology provider to the global travel industry, today announced its renewed agreement with Despegar (DESP), the leading online travel agency (OTA) in Latin America. The multi-year contract extension ensures Despegar's continued access to Sabre's market-leading global distribution system (GDS), propelling the OTA's service to an estimated 140 million unique visitors.
'We believe we have done all we can to address the DOJ's concerns,' Sabre Corp. CEO Sean Menke said in a statement.
Sabre is frustrated that the U.S. Department of Justice has held up its acquisition of Farelogix. Nine months ago it had proposed buying the airline distribution technology specialist. So on Wednesday the travel technology giant said it would go ahead with the $360 million acquisition on August 21. "Over the past nine months, we believe […]The post Sabre Dares U.S. Justice Department to Sue It Over Farelogix Deal appeared first on Skift.
Sabre's (SABR) renewal of partnership with Croatia Airlines reflects its continued efforts to enhance the highly profitable Airlines Solutions segment.
SOUTHLAKE, Texas, Aug. 14, 2019 /PRNewswire/ -- Sabre Corporation (SABR), a leading technology provider to the travel industry, announced today that it has informed the U.S. Department of Justice (DOJ), which has been performing a lengthy and exhaustive review of the transaction, of its intent to close the deal on August 21, 2019. Under the terms of its timing agreement with Sabre, if the DOJ decides to seek to block the transaction prior to the expected closing date, it must file its complaint in federal court before August 21. Sabre is confident in the legal and competitive merits of the acquisition and that the transaction will ultimately be completed.
ZAGREB, Croatia and LONDON, Aug. 12, 2019 /PRNewswire/ -- Croatia Airlines and Sabre Corporation (SABR) the leading technology provider to the global travel industry, today announced the renewal of their long-standing partnership. The Croatian flag carrier has been using Sabre's revenue management product for more than four years and with this renewal, the carrier will upgrade to Sabre AirVision Revenue Optimizer, Sabre's industry-leading revenue optimization solution. In today's fast-moving, competitive marketplace, setting a price for a product is one of the most important decisions an airline can make.
Sabre Corporation (SABR) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
SOUTHLAKE, Texas, Aug. 8, 2019 /PRNewswire/ -- Sabre Corporation (SABR), the leading global travel technology provider, in partnership with TrendWatching – global consumer trends and insights experts – has released a consumer trends study explaining the "Retail Revolution" in the hospitality industry. "Technology is changing the expectations of today's traveler. This presents exciting opportunities for hoteliers to extend far beyond their traditional offerings," said Clinton Anderson, president of Sabre Hospitality Solutions.
SOUTHLAKE, Texas, Aug. 7, 2019 /PRNewswire/ -- Sabre Corporation (SABR) and CWT are building upon their decades-long relationship, collaborating on a number of new strategic initiatives designed to enhance the traveler experience and help CWT meet its strategic business goals. "Expanding our relationship with Sabre last year was the right decision for CWT as their commitment to delivery excellence and outstanding service is evident throughout our relationship," said Vince Chirico, senior vice president of global network & technology partners for CWT. As a member of Sabre's Beyond NDC program and its NDC Customer Advisory Board, CWT leadership is helping to drive Sabre's effort to develop and deliver end-to-end NDC solutions to the marketplace.
SOUTHLAKE, Texas, Aug. 5, 2019 /PRNewswire/ -- Sabre Corporation (SABR), the leading technology provider at the center of the business of travel, announced an agreement to expand its digital operations technology alliance with Spirit Airlines (SAVE), the leading value carrier in the United States, the Caribbean and Latin America. This alliance will make the airline one of the first carriers to utilize the breadth of the innovative, next-generation Sabre Operations Platform, the industry's only end-to-end operations solution. Spirit, a current user of several of Sabre's operations solutions, will soon implement Sabre AirCentre Movement Manager, Crew Manager and Recovery Manager, rounding out the core components of the Sabre Operations Platform.
Sabre (SABR) second-quarter results gain from growth across each of its business segments. However, high technology costs and incentives fees keep margins under pressure.
Tyler Technologies Inc. and Sabre Corp. rose by more than 3 percent or more on Thursday afternoon as investors warmed to their prospects for growth. Combined, both companies have more than $15 billion in market valuation.
Sabre, the U.S. travel technology giant, has lost momentum. Second-quarter revenue rose only 1.6 percent to $1 billion, the Southlake, Texas-based company reported on Thursday. That figure represented a slowdown. In the same period a year ago, the company had a 9 percent growth rate. In 2015 and 2016, the company enjoyed double-digit annualized growth. […]The post Sabre Hunts for More Tech Deals to Overcome Sales Slump appeared first on Skift.