February 28, 2015 8:32 PM ET

Hotels, Restaurants and Leisure

Company Overview of Lastminute.com Limited

Company Overview

Lastminute.com plc operates a last minute travel and leisure site that provides last minute deals on hotels, city breaks, flights, holidays, cottages, cars, spas, theatre tickets, restaurants, and entertainment in the United Kingdom and internationally. The company was incorporated in 1999 and is based in London, United Kingdom with operations in Ireland, France, Germany, Italy, and Spain. As of July 19, 2005, Lastminute.com plc operates as a subsidiary of Travelocity Europe.

4th Floor

39 Victoria Street

London,  SW1H 0EE

United Kingdom

Founded in 1999

Phone:

44 20 7802 4200

Fax:

44 87 0145 9050

Key Executives for Lastminute.com Limited

Chief Executive Officer
Age: 43
Co-Founder, Chairman of the Board and Executive Director of Last Minute Network Limited
Age: 45
Chief Financial Officer
Executive Vice Chairman
Age: 52
Head of UK PR
Compensation as of Fiscal Year 2014.

Lastminute.com Limited Key Developments

Sabre Reviews Strategic Options For itslastminute

Sabre Corporation (NasdaqGS:SABR) announces that it is exploring strategic options including a potential sale for itslastminute.com business unit. Tom Klein, President and Chief Executive Officer of Sabre, said, "The decision to review strategic options for lastminute.com supports Sabre's strategy to focus on our core business as the world's leading technology provider to the global travel and tourism industry," Klein added. Sabre has retained international advisory-focused Houlihan Lokey, Inc., as advisor for the strategic review.

Sabre Reportedly Seeks To Sell Lastminute

lastminute.com plc is reportedly up for sale by Sabre Holdings Corporation. According to Sky News, Sabre has appointed bankers from Houlihan Lokey to oversee an auction for Lastminute, which it bought for £577 million in 2005. "We are always reviewing options to make our technology company as successful, relevant and innovative as possible," a Sabre spokesperson said. "If we have news to share, we commit to doing so quickly and transparently."

Lastminute.com Up For Sale

Sabre Corporation (NasdaqGS:SABR) has put up lastminute.com plc up for sale. lastminute.com is owned by Sabre's subsidiary Travelocity Europe. Sabre has appointed bankers at Houlihan Lokey, an advisory firm, to oversee an auction, and has already begun sounding out potential buyers, according to Sky News. It is understood that Sabre is prepared to accept a substantial loss on the roughly £600 million it paid for lastminute.com in order to sell.

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