, the travel site that became one of the best-known names of the dotcom era, has been sold for a fraction of the price it fetched almost a decade ago. Bravofly Rumbo, a European online travel agent, will pay £76m ($120m) to Sabre, the US owner of Travelocity, which paid £577m for Lastminute in 2005. Brent Hoberman, who founded Lastminute “in a broom cupboard” at the back of an office in Portobello Road in London in 1998, banked about £26m from the sale, while co-founder Martha Lane Fox pocketed almost £14m. Sabre indicated in August it wanted to sell the business to focus on its core technology operations, which handle more than a third of the world’s travel agency transactions. Get the full story at The Guardian and The Dallas Morning News