ON-LINE agency Travelocity could become wholly owned by
global distribution system and marketing company Sabre.
Sabre currently owns 70% of the company, with the remainder
listed on the Nasdq in the US. It plans to offer $23 dollars per share to buy
the rest of the company outright.
A spokesman for Sabre said it has decided to buy Travelocity
outright as the two companies have “converging interests.”
Sabre expects to commence with the tender on March 5 and has
no plans to change Travelocity’s executive team, brand or strategic direction.