Brent Hoberman, together with Martha Lane Fox, founded Lastminute.com in 1998, an online travel and gift business that floated at the peak of the dot-com bubble and managed to survive the subsequent burst of the bubble.
After building revenues more successfully than his peers, Hoberman was a survivor of the bubble and remained as CEO of Lastminute.com Ltd. The company was acquired by Sabre who purchased the company’s equity and bond debt for £577 million (including additional gross debt of approximately £79 million and estimated cash at bank in hand of approximately £72 million). In 2006, Hoberman handed over the CEO position to Ian McCaig, although he remained as Chairman and Chief Strategic officer until 2007.
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