<PAGE>
Exhibit 99.3
Sabre Holdings Corporation Closes Acquisition of GetThere Inc
FORT WORTH, Texas, Oct. 17 /PRNewswire/ -- Sabre Holdings Corporation (NYSE:
TSG) today announced the close of its acquisition of GetThere Inc. (Nasdaq:
GTHR), with GetThere becoming a wholly owned subsidiary of Sabre. The
transaction creates the undisputed leader in both the business-to-business
corporate online travel channel and the business-to-consumer e-commerce
channel for airlines, travel suppliers and travel agencies.
On August 28, 2000 Sabre announced its agreement to acquire GetThere in an
all cash tender offer for all of the outstanding shares of GetThere common
stock at $17.75 per share, or approximately $757 million. Sabre announced
the completion of the tender offer on October 9, 2000, having received more
than 90% of the outstanding shares prior to the expiration of the tender
offer period. GetThere stock ceased to be traded on Nasdaq as of the close
of business on Monday, October 16, 2000.
Sabre expects shortly to combine the company's e-commerce corporate travel
management and purchasing system, Sabre Business Travel Solutions, with
GetThere's operations. The combined businesses will be marketed under the
name GetThere, a Sabre company. Company headquarters will be located in
Menlo Park, California. Gadi Maier, the chairman, president and chief
executive officer of GetThere will serve as president of the organization
and will report to William J. Hannigan, chairman, president and chief
executive officer of Sabre.
Corporate travel customers will have a breadth of product functionality
coupled with connectivity to multiple global distribution systems. The
product functionality is expected to substantially reduce travel procurement
costs.
Airline, travel supplier and travel agency customers will benefit from
increased innovation and synergies gained from leveraging e-commerce
solutions from two industry leaders. The Web site development and management
operations will have the broadest portfolio of products available in the
world.
GetThere and Sabre BTS have more than 1,000 combined customers including
corporations such as Boeing, Chevron, Cisco Systems, Citicorp, Dell, General
Electric, Lucent, Nike and Nortel. Sabre and GetThere power consumer Web
sites for airlines including United Airlines, America West, US Airways and
Swissair, and retailers such as American Express, Cheap Tickets and
Travelocity.com.
According to Forrester Research, Inc., the online travel market is expected
to reach $29.4 billion in the U.S. by 2003, nearly four times the 1999
level. Additionally, the online corporate channel is expected to grow to
$11.3 billion by 2003. Currently, only one percent of this market has been
addressed.
<PAGE>
The acquisition adds to Sabre's portfolio of online travel businesses
including Sabre Virtually There, Travelocity.com and the many Web-based
products designed specifically for the travel industry.
About Sabre
Sabre is the leading provider of technology and marketing services for the
travel industry. Headquartered in Dallas/Fort Worth, Texas, the company has
nearly 10,000 employees worldwide who span 45 countries. Sabre reported 1999
revenues of $2.4 billion, up 5.6 percent from 1998. Net earnings were $264
million, excluding special items, up 15.2 percent from the prior year. Sabre
maintains an ownership interest of approximately 70 percent in
Travelocity.com (Nasdaq: TVLY), the world's leading online B2C travel site.
More information on Sabre is available on the World Wide Web at
http://www.sabre.com. Sabre and the Sabre logo are registered trademarks of
an affiliate of Sabre Inc.
About GetThere
GetThere operates one of the world's largest Internet marketplaces focused on
business-to-business travel services. GetThere's systems are used to provide
online travel procurement to employees at leading corporations such as
Boeing, Chevron, Cisco, Lucent, MetLife, Nike and Xerox. GetThere also
powers online travel sites for leading airlines, including Alitalia, All
Nippon Airways, America West, British Airways, Northwest Airlines, TWA and
United Airlines. GetThere can be found on the World Wide Web at
http://www.GetThere.com.
Statements in this news release that are not purely historical facts,
including statements about anticipated or expected future revenue and
earnings growth, are forward looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended. All
forward-looking statements in this release are based upon information
available to Sabre and GetThere on the date of this release. Any forward
looking statements involve risks and uncertainties that could cause actual
events or results to differ materially from the events or results described
in the forward looking statements, including risks related to: maintaining
existing GetThere customer and employee relationships; competition and
technological innovation by competitors; risks related to technology,
including the integration of the Sabre and GetThere technology; seasonality
of the travel industry and booking revenues; sensitivity to general economic
conditions; and legal and regulatory issues. Further information regarding
factors that could affect Sabre's financial and other results is included in
Sabre's and GetThere's filings with the Securities and Exchange Commission.
Sabre undertakes no obligation to publicity update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Readers are cautioned not to place undue reliance on
forward-looking statements.
Source:
Sabre Holdings Corporation
<PAGE>
Contact:
Theda W. Page Whitehead of Sabre Holdings Corporation, 817-967-1859, or
[email protected]; or Dan Toporek of GetThere Inc., 650-752-1627,
or [email protected]
