Sabre explores $1 billion-plus sale of hospitality software unit, sources say [Yahoo! Finance Canada]

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Source: Yahoo! Finance Canada
The SynXis business currently generates about $300 million in annual revenue, the sources said. The deliberations are ongoing and a deal is not guaranteed, the sources added. Sabre's shares have risen about 36% over the past year, giving the company a market value of about $1.3 billion. Sabre also had debt net of cash of about $4.5 billion as of the end of December. Sabre did not immediately respond to Reuters' request for comment. Evercore declined to comment. Sabre traces its roots to the 1960s when C.R. Smith, the then president of American Airlines, and R. Blair Smith, a sales executive at IBM, came up with the idea of a data processing system for the airline industry that could help create and manage seat reservations, among other things. The
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