LONDON --
Travelocity Europe completed its previously announced acquisition
of London-based Lastminute.com for some $1.03 billion, Sabre said.
Lastminute.com,
which operates in 14 European countries, will be Travelocitys lead
brand in most of Europe.
The acquisition
went through July 20, a day after the High Court of Justice for
England and Wales approved it.
Lastminute CEO Brent Hoberman stayed on to lead
the newly expanded Travelocity Europe, and Damon Tassone, formerly
president of Travelocity Europe, will be deputy CEO.
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