Expedia, Inc. has acquired Travelocity from Sabre Corporation for US$280 million in cash. The acquisition follows the 2013 strategic marketing agreement between Expedia, Inc. and Travelocity under which Expedia has powered the technology platforms for Travelocity's US and Canadian websites along with providing Travelocity access to Expedia, Inc.'s supply and customer service program.
Dara Khosrowshahi, Expedia, Inc. President and Chief Executive Officer said that Travelocity, one of the most recognized travel brands in North America, will continue to innovate and deliver the very best travel experiences to the widest set of travelers, all over the world.
Tom Klein, Sabre President and Chief Executive Officer said, "We have had a long and fruitful partnership with Expedia, most recently by partnering to strengthen the Travelocity business, so our decision to divest Travelocity is a logical next step for us both."
