Quick Take
• Priceline completed its acquisition of Kayak for $1.8 billion.
• Kayak can be of strategic importance for Priceline to close the gap with Expedia in the U.S. market. Priceline’s share in the U.S. travel bookings was just 11% in 2012 vs. 43% for Expedia.
Read full story at: http://www.trefis.com/stock/pcln/articles/188904/pricelines-kayak-acquisition-will-strengthen-its-u-s-business/2013-05-30
