Lastminute allows users to book last second travel deals for hotels and flights this weekend and beyond. Lastminute was, prior to its acquisition, a European online travel and leisure group which operated directly in fourteen European countries and participated in three international joint ventures, providing travel and leisure inspirations and solutions to customers.The business was based on the idea of matching supply and demand. lastminute.com offers consumers opportunities to acquire airline tickets, hotel rooms, holidays (both self packaged and third party packages), car hire, entertainment tickets, restaurant reservations and food delivery, specialty services, gifts and auctions. The company grew both organically and through acquisitions completing 14 acquisitions in 2002-2005 and owned operated online brands including holidayautos.com, travelprice.com, degriftour.com, travelselect.com, travel4less.co.uk, eXhilaration.co.uk, medhotels.com, first-option.co.uk, gemstonetravel.com, onlinetravel.com and lastminute.de.lastminute.com sought to differentiate itself by packaging and delivering products and services, such as restaurant reservations, entertainment tickets and gifts, in convenient, novel and distinctive ways. lastminute.com was founded by Brent Hoberman and Martha Lane Fox in 1998. Brent Hoberman remains as CEO of the company which currently employs approximately 2,000 people throughout Europe.On July 20, 2005, Sabre Holdings Corporation (NYSE:TSG) announced the acquisition of lastminute.com plc ("lastminute") by Travelocity Europe Limited was completed. T The acquisition price for the shares in lastminute.com and the redemption price payable in respect of lastminute.com's bonds equated to an equity value of approximately GBP 577M (approximately $1,020M) and an enterprise value of approximately GBP 584M (approximately $1,034M), including gross debt of approximately GBP 79M (approximately $138M) and estimated cash at bank in hand of approximately GBP 72M (approximately $125M).