Priceline completes acquisition of Kayak
Priceline completed its $1.8 billion acquisition of Kayak today, meaning Kayak ceases trading as a public company, and becomes a Priceline subsidiary.
Priceline says it paid $522.4 million in cash and issued more than 1.5 million shares of common stock to pay for the right to meld the travel metasearch company into the Priceline fold.
Kayak will operate as an independent company, as do Booking.com, Agoda, and rentalcars.com, within the Priceline Group.
Read full story at: http://skift.com/2013/05/21/priceline-completes-acquisition-of-kayak/