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Priceline to buy Kayak for $1.8 billion

11/09/2012| 7:48:44 AM| 中文

A bomb just dropped in the online travel world: Priceline the world’s largest travel company, has agreed to acquire travel meta-search company Kayak, for about $1.8 billion.

A bomb just dropped in the online travel world: Priceline the world’s largest travel company, has agreed to acquire travel meta-search company Kayak, for about $1.8 billion. Priceline’s shares are down about 1.7 percent in extended trading, while Kayak’s up about 1.6 percent.

Major deal points:

– Priceline is offering $40 per share of Kayak, which is about 30 percent premium on today’s share value of around $30 a share. This values the company at about $1.8 billion, with about $500 million in cash and $1.3 billion in equity and assumed stock options.

Read full story at: http://skift.com/2012/11/08/breaking-priceline-to-buy-kayak-for-1-8-billion/

TAGS: Priceline | Kayak | acquisition
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