M&A Deal Summary

Expedia Acquires Travelocity.com

On January 23, 2015, Expedia acquired internet software and services company Travelocity.com from Sabre for 280M USD

Acquisition Highlights
  • This is Expedia’s 10th transaction in the Internet Software and Services sector.
  • This is Expedia’s 4th largest (disclosed) transaction.
  • This is Expedia’s 9th transaction in the United States.
  • This is Expedia’s 1st transaction in Texas.

M&A Deal Summary

Date 2015-01-23
Target Travelocity.com
Sector Internet Software and Services
Buyer(s) Expedia
Sellers(s) Sabre
Deal Type Divestiture
Deal Value 280M USD

Target

Travelocity.com

Southlake, Texas, United States
Travelocity is an online portal for booking travel needs - including car rentals, airline tickets, and hotel reservations. The Company was formed in 1996.

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Buyer(S) 1

Buyer

Expedia

Seattle, Washington, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees16,500
Revenue 13.7B USD (2024)
DESCRIPTION
Expedia's corporate headquarters in Bellevue, Washington.
Expedia's corporate headquarters in Bellevue, Washington.

Expedia is an online travel company that provides business and leisure travelers with technology, tools and information to research, plan, book and experience travel. Expedia was founded in 1996 and is based in Seattle, Washington.


DEAL STATS #
Overall 14 of 23
Sector: Internet Software and Services M&A 10 of 17
Type: Divestiture M&A Deals 3 of 3
State: Texas M&A 1 of 2
Country: United States M&A 9 of 16
Year: 2015 M&A 1 of 4
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Wotif Group

Milton, Australia

Wotif operates a network of travel and leisure booking websites. The Company was formed in 2002.

Buy $658M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-12 Orbitz Worldwide

Chicago, Illinois, United States

Orbitz Worldwide, Inc. is an online travel company. Orbitz Worldwide operates the consumer travel planning sites Orbitz (orbitz.com), ebookers (ebookers.com), HotelClub (hotelclub.com) and CheapTickets (cheaptickets.com).

Buy $1.6B

Seller(S) 1

SELLER

Sabre

Southlake, Texas, United States

Category Company
Founded 2006
Sector Software
Employees6,253
Revenue 3.0B USD (2024)
DESCRIPTION
Sabre's corporate headquarters in Southlake, Texas.
Sabre's corporate headquarters in Southlake, Texas.

Sabre is a technology software provider to the 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, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas.


DEAL STATS #
Overall 2 of 5
Sector: Internet Software and Services M&A 1 of 3
Type: Divestiture M&A Deals 2 of 5
State: Texas M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2015 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Lastminute.com

London, United Kingdom

Last Minute Network Ltd. (dba Lastminute.com) is an online travel and leisure retailer.

Sell $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Abacus International Pte

Singapore, Singapore

Abacus International Pte Ltd. is a real time expense reporting solution. It is the easiest way for you to reimburse your team, implement your expense policy, and reconcile corporate credit cards throughout the month. Abacus International Pte Ltd. was founded in 1988 and is based in Singapore.

Buy -