updated 12/11/2006 8:12:08 AM ET 2006-12-11T13:12:08

Travel reservation company Sabre Holdings, owner of the Travelocity Web site, is in advanced talks to be sold to a consortium of private equity firms for more than $4 billion, the New York Times Web site said on Monday, citing people involved in the negotiations.

A deal could be struck as early as tomorrow, the paper said.

Two investor groups are vying for Sabre, which was the original reservation system of American Airlines before being spun off as an independent business that served all of the major carriers, the New York Times said.

The paper reported that the bidding group favoured to win the auction includes Silver Lake Partners and Texas Pacific Group. A rival bidding group is led by Apollo Group, it said. The people involved in the talks said a third group of investors is also considering a bid, the paper said.

Sabre had a market capitalization of about $3.7 billion based on Friday’s closing share price of $28.32.

Sabre was not immediately available for comment.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com