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COPYRIGHT 2005 Ziff Davis Media Inc.
LONDON - U.S. group Sabre Holdings Inc. has agreed to buy Britain's Lastminute.com Plc for 577 million pounds ($1.1 billion) to add to its Travelocity brand and create Europe's biggest online travel retailer.
Sabre said on Thursday it was paying 165 pence a share in cash for the former darling of the dot.com boom, about 57 percent above Lastminute's closing price on Tuesday, the day before the British firm said it had received a bid approach.
But analysts said there was still a chance that rival U.S. groups IAC/InterActiveCorp , which owns the Expedia travel Web Site, or Cendant Corp , which...
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