Sabre closes sale of Hospitality Solutions business to TPG for $1.1B

Sabre (SABR) announced the completion of the previously announced sale of its Hospitality Solutions business to TPG for $1.1B, $960M net of taxes and fees. “The completion of the sale of Sabre Hospitality Solutions to TPG is an important step in Sabre’s ongoing transformation. We are pleased with this transaction, and the opportunity it provides us to pay down debt and reduce our net leverage, optimize our portfolio and continue our focus on positioning the company for sustainable growth. I am thankful to the team at Hospitality Solutions and wish them success,” said Kurt Ekert, President and CEO.