Priceline.com buys travel rival Kayak
Two popular travel sites—Priceline.com and Kayak—are joining forces in a $1.8 billion deal that may change the way you plan your vacations.
Priceline on Thursday announced that it was buying Kayak, which only went public in July. The deal is subject to regulatory approval and is expected to close early next year.
Priceline president and CEO Jeffery Boyd in a statement said the company wanted to buy Kayak because it has “built a strong brand in online travel research,” every month processing more than 100 million travel queries online and through its mobile app.
“Kayak also has world class technology and a tradition of innovation in building great user interfaces across multiple platforms and devices,” Boyd added. “We believe we can be helpful with Kayak’s plans to build a global online travel brand.”To read this article in full or to leave a comment, please click here
http://www.techhive.com/article/2013678/priceline-com-buys-travel-rival-kayak.html
