Sabre Abandons Bid to Buy Farelogix After UK Probe

Sabre said Friday it would no longer pursue its acquisition of Farelogix. The move came after a ruling by UK regulators prohibiting the transaction.

The Southlake, Texas-based travel software company made an offer for Farelogix valued at about $360 million in November 2018. The UK’s Competition and Markets Authority (CMA) in early April ruled against the deal.

Sabre does intend to appeal the UK watchdog’s ruling to the Competition Appeals Tribunal.

“The long-term effect of such regulatory overreach may negatively impact any company’s future transactions and we believe it should be challenged,” a spokesperson for Sabre said.

“We continue to believe that the transaction was not anti-competitive, a result confirmed by the U.S. federal district court’s decision in Sabre’s favor,” the company said in a statement.

The U.S. Department of Justice has spent April pursuing an appeal of that decision. The Department of Justice, which sued in August to block the merger, had failed to win its case during nearly two weeks of court proceedings.

Full Content: Skift

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.