Sabre has managed to offload its European online travel agency Lastminute.com to the Bravofly Rumbo Group.
The binding offer to acquire the OTA is expected to hand Sabre $120 million and will close in the first quarter of 2015.
The acquisition will include all of Lastminute.com's operations in the UK, France, Germany, Spain and Italy.
Sabre announced in August of this year that it was exploring "strategic options" for the company it acquired in 2005 for £577 million.
Bravofly Rumbo Group chairman, Fabio Cannavale, says:
"Lastminute.com is the perfect fit for Bravofly Rumbo Group. Its business complements and expands our offering in Europe and, with its strong presence in the hotel and vacation sector, diversifies our product revenue streams.
"We believe in the value and strength of lastminute.com’s iconic brand, which is recognized by more than 90 percent of European consumers."
Lastminute.com's new home will see it sit alongside other consumer-facing brands such as Bravofly, Rumbo, Volagratis, Jetcost, Crocierissime and Bravoavia.
The company's history so far is a snapshot of the early days of online travel.
It was created by co-founders Brent Hoberman and Martha Lane Fox in 1998, primarily to serve late travel deals.
Listed on the London Stock Exchange in 2000, it and they became the poster children for the UK tech scene at the turn of the century.
Its acquisition by Sabre in 2005 (and a a subsequent de-listing) saw it head Sabre's efforts to dominate the consumer travel space with stable mate Travelocity.
Although Lane Fox left the company as managing director in 2003, Hoberman stayed on as CEO until 2006.
Roll on a few more years and the emergence of Booking.com in Europe saw the OTA start to slip down the pecking order behind Expedia.
By the time 2013 arrived and day-to-day running of Travelocity in the US (it had already been scaled back in other regions) had been offloaded to arch rival Expedia, Lastminute.com's days as a Sabre-managed brand were numbered.
Sabre's decision to list on the public markets earlier this year only accelerated the decision to retain its core industry-facing businesses.