Does Sabre Buyout Put PCLN and EXPE in Play?
With the private equity buyout of Travelocity parent Sabre Holdings Corp. (NYSE: TSG), takeover speculation on Priceline.com Inc. (Nasdaq: PCLN) and Expedia Inc. (Nasdaq: EXPE) is picking up.
The stocks are doing little today but you can expect more chatter on the names going forward as sector consolidation takes shape.
Today's Sabre deals follows news this summer that a Blackstone Group affiliate bought Cendant's Travelport, which operates Orbitz.com, for $4.3 billion.
The stocks are doing little today but you can expect more chatter on the names going forward as sector consolidation takes shape.
Today's Sabre deals follows news this summer that a Blackstone Group affiliate bought Cendant's Travelport, which operates Orbitz.com, for $4.3 billion.
Labels: EXPE, PCLN, Private Equity, The Blackstone Group, TSG
posted by Lon at 1:31 PM
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