US EditionTourism Tumult: TPG Acquires Sabre’s Hospitality Solutions for $1.1B
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Tourism Tumult: TPG Acquires Sabre’s Hospitality Solutions for $1.1B
Alternative asset management firm TPG announced plans to acquire Sabre Corporation’s Hospitality Solutions business for $1.1 billion. The all-cash deal is projected to net Sabre $960 million, after accounting for taxes and fees, which will be used primarily to pay down debt. “Hospitality Solutions provides software and solutions to more than 40 percent of the world’s leading hotel brands,” according to the deal’s press release. “The SaaS based p
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