Friday, December 21, 2007

SideStep Acquired By Kayak.com

Santa Clara-based travel search engine site SideStep has been acquired by Connecticut-based competitor Kayak.com, Kayak.com said today. Kayak said it has raised $196M in financing to merge with SideStep. Michael Moritz of Sequoia Capital will join Kayak's board of directors in conjunction with the funding and merger; other participants in the funding were General Catalyst Partners, Accel Partners, Norwest Venture Partners, Trident Capital, Oak Investment Partners and Lehman Brothers Venture Partners. The deal also included debt from Silicon Valley Bank and Gold Hill Capital. More information »