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Cheapflights owner heads for £150m sale after Expedia approach

07/21/2014| 2:46:21 PM| 中文

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.

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TAGS: Cheapflights | Momondo | Expedia | travel search | acquisition
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