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Kayak has stake in TravelPost rollout

02/15/2011| 9:28:27 AM| 中文

As the Rich Barton-led TravelPost struggles to reincarnate itself, Kayak is not a disinterested observer — Kayak owns a piece of TravelPost.

As the Rich Barton-led TravelPost struggles to reincarnate itself, Kayak is not a disinterested observer — Kayak owns a piece of TravelPost.

Kayak’s registration statements indicate that Kayak sold TravelPost on March 5, 2010, to The New Travelco for $3.6 million in cash and also received 800,000 shares of The New Travelco common stock.

The transaction was reported at the time, but the terms were unknown.

The New Travelco also assumed an unspecified amount of Kayak’s debt obligations, according to documents filed with the Securities and Exchange Commission in connection with Kayak’s proposed initial public offering.

Read the full story at: http://www.tnooz.com/2011/02/11/news/kayak-has-stake-in-travelpost-rollout/

TAGS: Kayak
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