Sabre Confirms Private Equity Buyout

Silver Lake Partners and Texas Pacific Group said they would acquire Sabre Holdings for $32.75 per share in cash, valuing the company at about $5 billion, including about $550 million in net debt. They said the purchase price represents a 30 percent premium over Sabre's average share price during the 60 trading days ending Dec. 8, before reports about the deal yesterday sent Sabre's shares to a 52-week high.