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Sabre to cut debt with $1.1 billion sale of hospitality software to TPG, shares jump

By Yahoo! Finance   |   3 weeks ago
Sabre to cut debt with $1.1 billion sale of hospitality software to TPG, shares jump

Sabre Corp is selling its hospitality software platform for $1.1 billion to TPG to reduce debt. The move boosted shares by 26%. The deal will help Sabre focus on its core airline IT and travel marketplace platforms.

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