Sabre Corporation and Farelogix have terminated plans to merge the two companies after the agreement expired at midnight on April 30, they announced today.
Last month, Sabre's nine-month lawsuit by the U.S. government to stop its US$360 million acquisition of Farelogix came to an end after a judge ruled in favour of Sabre. The UK Competition and Markets Authority (CMA), however, said in February 2020 that it would block the acquisition attempt.
The CMA said that Farelogix "is a threat to Sabre’s business and Farelogix’s continued independence will likely motivate Sabre to innovate further, giving airlines more choices in connecting to travel agents.”
In a news statement, Sabre President and CEO Sean Menke said the company "continues to believe that the transaction was not anti-competitive, a result confirmed by the U.S. federal district court’s decision in Sabre’s favour.
"Unfortunately, the United Kingdom’s Competition and Markets Authority – acting outside the bounds of its jurisdictional authority – has prohibited the transaction. We strongly disagree with the CMA’s decision."
Anna Kroupina Journalist
Anna is OJ's newest member and she joins the team as a writer/reporter. She co-writes the daily news and covers events. Although she's new to the industry, pursuing a career path in travel/tourism has been a goal since her first family road trip to the Florida Keys sparked a desire to discover the world and this exhilarating, fast-paced industry.