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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On July 1, 2015, we completed the acquisition of the remaining 65% interest Abacus International Pte Ltd (“AIPL”), a Singapore-based business-to-business travel e-commerce provider that serves the Asia-Pacific region. Prior to the acquisition, AIPL was 65% owned by a consortium of 11 airlines and the remaining 35% was owned by us. Also in July 2015, AIPL completed the acquisition of the remaining interest in two national marketing companies ("NMCs"), Abacus Distribution Systems (Hong Kong) and Abacus Travel Systems (Singapore) (together with AIPL, “Abacus”), in which AIPL owned minority interests. We expect to continue reviewing opportunities to acquire other NMCs in the Asia-Pacific region. Abacus will be managed as a region of our Travel Network business. Separately, we have signed new long-term agreements with the consortium of 11 airlines to continue to utilize the Abacus GDS.

The net cash consideration for Abacus was $433 million, which excludes the effect of net working capital adjustments subject to finalization. The acquisition was funded with a combination of cash on hand and a $70 million draw on our Revolver. The purchase price allocation and pro forma financial information are not yet available due to limited access to Abacus' books and records prior to the acquisition and the limited time from the completion of the acquisition through the date of this Quarterly Report on Form 10-Q.

In connection with our acquisition of Abacus, we expect to recognize a gain in the third quarter of 2015 as the result of remeasuring our previous 35% equity interest in AIPL to its fair value as of the acquisition date. We are in process of determining this amount which we expect to be significant to our results of operations.