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DBJ: U.K. Agency Blocks Sabre Acquisition

April 9, 2020 Brian Womack of the Dallas Business Journal

After a victory earlier this week, Sabre is facing some tougher prospects.

The U.K. Competition and Markets Authority said it’s blocking Sabre’s planned acquisition of Farelogix, arguing travel agents and passengers there would be “worse off,” according to a post on its website.

Also, the U.S. Department of Justice – after losing in a court battle over the deal – filed a notice of appeal, according to a filing.

“Notice is hereby given that the United States of America … appeals to the United States Court of Appeals for the Third Circuit,” the filing said. ‘The United States files this notice to protect its appellate rights, and to give the solicitor general time to review the decision and determine whether to authorize the appeal, and whether to seek interim equitable relief,” according to a filing on Wednesday.

In its announcement, the U.K.’s CMA said the deal could result in less innovation in its services. In addition, fees for some products could go up.

Sabre said it’s reviewing the findings.

“We are disappointed by the CMA’s findings, particularly in light of the U.S. federal court’s ruling, which found that Sabre’s acquisition of Farelogix is not anti-competitive and should not be prohibited,” the company said in a statement. “We … will carefully consider our options.”

For more DFW business news, please visit the Dallas Business Journal.

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