Thursday, November 8, 2012

KAYAK Acquired By Priceline For $1.8 Billion

KAYAK, the online search engine, has been acquired by competitor Priceline in a $1.8 billion deal. Priceline said it would pay $40 per share of newly-public KAYAK in its deal, which is a combination of stock and cash. KAYAK had its IPO only five months ago, and had been backed by General Catalyst Partners, Sequoia, Accel Partners, and Oak Investment Partners.