Sabre keeping schtum on $500m deal
Sabre’s potential $500 million acquisition is still a possibility, CEO Tom Klein told analysts during its Q1 earnings call today.
When asked directly, Klein batted away the question.
“No we can’t [give you an update] It’s possible, it remains that way, and we will update if and when we have something to update.”
Klein had said earlier on the call that some of the money raised from selling Travelocity to Expedia would be used for the possible acquisition, reminding analysts that this was not news.