Showing posts with label E-Commerce. Show all posts
Showing posts with label E-Commerce. Show all posts

Friday, November 9, 2012

Priceline to buy travel research site Kayak for $1.8 billion

Online hotel-booking giant Priceline.com plans to acquire Kayak, another Internet-based travel company, for US$1.8 billion in cash and stock, the companies announced on Thursday. Priceline will pay about $500 million in cash and $1.3 billion in stock and stock options for Kayak. The deal has been approved by both companies' boards of directors but still needs approval by regulators and Kayak shareholders. It should close late...

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