Sabre to Sell Hotel Reservations Platform for $1.1 Billion

Sabre's sale of its hotel reservations tech should help the travel tech company focus on its core airline business. It's notable that a PE firm rather than a rival player, such as Oracle or Cendyn, chose to buy.

The private equity arm of TPG will acquire Sabre's hospitality solutions business for $1.1 billion in cash, the companies said Monday.

"This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms," said Kurt Ekert, president and CEO of Sabre, the Texas-based travel technology provider, which will now mainly provide airlines with software and services.

Out of the $1.1. billion, Sabre expects to rece