Sabre Buying Remaining Abacus Int’l Stake for $411 Million

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Katie

Travel-booking company Sabre Corp. is buying the remaining stake in Abacus International that it doesn't already own for $411 million.

The deal announced Thursday by Southlake-based Sabre will allow further growth in the Asia-Pacific region.

Abacus International is a travel-booking system in the Asia-Pacific region that is owned by a group of 11 Asian airlines and Sabre, which has a 35 percent stake. The company has more than 100,000 travel agents across the region's 59 markets.

The acquisition also includes new long-term distribution agreements between Sabre Corp. and the group of 11 Asian airlines.

The deal is targeted to close in 2015's third quarter.

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