DOJ sues to block Sabre's acquisition of Farelogix.
The U.S. Department of Justice filed a civil antitrust lawsuit seeking to block Sabre Corporation's $360M acquisition of Farelogix, Inc. The Department said that Sabre and Farelogix compete head-to-head to provide booking services to airlines. Booking services are IT solutions that allow airlines to sell tickets and ancillary products through traditional brick-and-mortar and online travel agencies to the traveling public. The Department said that the acquisition would eliminate competition that has substantially benefitted airlines and consumers. The Antitrust Division's lawsuit alleges that the transaction would allow Sabre, the largest booking services provider in the United States, to eliminate a disruptive competitor that has introduced new technology to the travel industry and is poised to grow significantly. [Reference Link]:[https://www.justice.gov/opa/pr/justice-department-sues-block-sabres-acquisition-farelogix]
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|Date:||Aug 20, 2019|
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