• Lastminute sold

Travel site Lastminute.com has been sold for GBP76m to Swiss online travel group Bravofly Rumbo. The price is a fraction of the GBP600m its sellers Sabre paid for the business in 2005, reports the Financial Times.
Lastminute stands accused of failing to keep up with developments including the move to mobile. Other bidders for Lastminute are said to have included Priceline, Expedia, Orbitz and Ctrip.

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