Airline technology company Sabre plans to fight an antitrust lawsuit filed Tuesday, August 20, by the Justice Department over the Southlake-based company’s US$360 million purchase of competitor Farelogix.
Sabre agreed to buy Miami-based Farelogix in November, but the government’s Antitrust Division sued to stop the merger. The government argues the deal would be harmful to competition.
“Sabre’s proposed acquisition of Farelogix is a dominant firm’s attempt to take out a disruptive competitor that has been an important source of competition and innovation,” said Assistant Attorney General Makan Delrahim. “If allowed to proceed, the acquisition would likely result in higher prices, reduced quality, and less innovation for airlines and, ultimately, traveling American consumers.”
Both Sabre and Farelogix provide technology systems that help airlines, such as American Airlines, sell tickets to passengers. Sabre operates a “global distribution system” that allows airlines, travel agents, hotels, car rental agencies, and other companies to manage inventory in real-time across the world.
Full Content: Dallas News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
UK Watchdog Says Fuel Retailers’ High Margins Spark Overcharging Concerns
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI