Cheapflights owner heads for £150m sale after Expedia approach
Momondo Group, the owner of UK travel website Cheapflights, is exploring a sale of the business after receiving buyout approaches from several parties.
The company, which was started as an attic-based operation in 1996, has hired advisors at corporate finance boutique Arma Partners to look at strategic options for the business.
A deal could value the company at around £150m.
It is thought that around six offers have been made by private equity firms and trade buyers, believed to include Expedia and Travelocity owner Sabre.