Sabre Not A TripIt Shareholder

Following up on Concur's announcement today of its $82 million to $120 million acquisition of TripIt, Concur CEO Steve Singh told Business Travel Media Group executive editor Mary Ann McNulty that at the time of the deal, Sabre Holdings was no longer an investor in TripIt. As such, Sabre would not own shares in Concur along with TripIt's other investors when the deal closes, which executives expect later this quarter. You had to figure such a conflict would have been cleared up, but since Sabre in 2008 participated in a $5.1 million investment in TripIt, what changed since then to our knowledge was not made public. Singh declined further comment. [more]