Lastminute.com-owner Sabre eyeing up sale of the travel site
Travel website Lastminute.com is reportedly up for sale by its owner, US technology group Sabre Holdings.
According to Sky News, Sabre has appointed bankers from advisory group Houlihan Lokey to oversee an auction for Lastminute.com, which it bought for £577m for in 2005.
“We are always reviewing options to make our technology company as successful, relevant and innovative as possible,” a Sabre spokesperson said.
“If we have news to share, we commit to doing so quickly and transparently.”
Sabre, which owns a number of US travel businesses, listed on Nasdaq in New York in April reaching a valuation of over $4bn (£2.39bn).