TheMarketingblog

Lastminute.com is up for sale

Lastminute.com is up for sale as parent company Sabre restructures its online travel agency (OTA) business.

US travel technology group Sabre has appointed corporate finance firm Houlihan Lokey to find a buyer for @lastminute_com, according to reports at the weekend.

North American OTA and Sabre subsidiary Travelocity paid £577 million for Lastminute.com in 2005 as the group sought to expand its OTA business in Europe.

No one from Sabre or Travelocity was available to comment on the report, published in the Sunday Times.

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