Sabre Exploring Potential Sale For Lastminute.com Unit

(RTTNews) - Sabre Corp. (SABR) Wednesday said it is exploring strategic options, including a potential sale, for its lastminute.com business unit, as the company intends to focus on its core business.

"The decision to review strategic options for lastminute.com supports Sabre's strategy to focus on our core business as the world's leading technology provider to the global travel and tourism industry," said CEO Tom Klein.

Sabre, the Southlake, Texas-based travel software and data company, had acquired lastminute.com in May 2005 through its subsidiary Travelocity website. Under Sabre, lastminute.com invested in mobile and disruptive products such as Top Secret Hotels, exclusive holiday packages in France, and a unique lifestyle offering in the UK.

"As part of Sabre, lastminute.com has significantly improved its technology and operations, and is now perfectly positioned to unlock its full growth and profitability potential," Klein said.

SABR is currently trading at $18.27, up $0.12 or 0.66%, on the Nasdaq.