Sabre (SABR) is considering selling its SynXis hospitality software subsidiary in a deal that could fetch more than $1 billion, Reuters reported Thursday, citing people familiar with the matter.
The travel technology company is working with Evercore (EVR) to attract potential buyers, which include private-equity firms and rival software makers, the report added, citing the sources.
Sabre and Evercore didn't immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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