Priceline.com Acquires Kayak For $1.8 Billion

[Sneha Chowdary]

Online travel site Priceline.com just announced that it has agreed to acquired the travel search engine Kayak for $1.8 billion. Priceline will pay $40 per share for Kayak. About $500 million of the purchase price will be in cash and the other $1.3 billion in equity and stock options.

Kayak was founded in 2004 by a team of online travel industry veterans, including Steve Hafner (CEO) a co-founder of Orbitz, Paul English (CTO) a former VP of technology at Intuit, Terrell Jones (Chairman), founder of Travelocity, and Greg Slyngstad (Director), founder of Expedia. The company received a total of about $229 million in venture funding for major Silicon Valley firms, including General Catalyst Partners, Sequoia, Accel Partners, and others. The company had its IPO this August and currently processes about 100 million user queries per month.

“Paul English and I started Kayak eight years ago to create the best place to plan and book travel,” said Steve Hafner, Kayak Chief Executive Officer and Cofounder in a canned statement today. “We’re excited to join the world’s premier online travel company. The Priceline Group’s global reach and expertise will accelerate our growth and help us further develop as a company.”
For Priceline, this is a rare acquisition. The company only acquired four companies so far: Agoda.com, Booking.com, TravelJigsaw and Active Hotels. So far, the stock market has reacted rather negatively to the news. Priceline’s stock is down about 2% in after-hours trading.

[i]Priceline is scheduled to hold a call with analysts about the acquisition this afternoon and we will update this post once we hear more about the acquisition.[/i]

[dotnetrockz]

vaarni.....kayak lo oka bulli site laga paundedhi priceline...adhe kayak ni konesindha....

[Sneha Chowdary]

[quote name='Nissan' timestamp='1352412554' post='1302765992']
vaarni.....kayak lo oka bulli site laga paundedhi priceline...adhe kayak ni konesindha....
[/quote]


priceline peddadi kada....

[eela]

[quote name='Nissan' timestamp='1352412554' post='1302765992']
vaarni.....kayak lo oka bulli site laga paundedhi priceline...adhe kayak ni konesindha....
[/quote]

Price line share $627 baa kayak lo priceline lanti websites merge chesadu for easyness to costumers

[Guest]

Priceline bidding option rocks

[eela]

[quote name='Guest' timestamp='1352412930' post='1302766027']
Priceline bidding option rocks
[/quote]
Naku chala work indhi

[NewPeanut]

Wow...kayak ki intha matter undha....$1.8B aa??
Awesome!!

[tom bhayya]

amma deenamma intha budda site value 1.8 billion aa chi jeevitha..

[tom bhayya]

[quote name='Nissan' timestamp='1352412554' post='1302765992']
vaarni.....kayak lo oka bulli site laga paundedhi priceline...adhe kayak ni konesindha....
[/quote]
priceline is in this business from lon back rey kayak vaadu just comparison ki pettadu price line ni

[jbourne]

[quote name='Alexander' timestamp='1352414360' post='1302766128']
priceline is in this business from lon back rey kayak vaadu just comparison ki pettadu price line ni
[/quote]
ardam kaale

[jbourne]

[quote name='Alexander' timestamp='1352414319' post='1302766126']
amma deenamma intha budda site value 1.8 billion aa chi jeevitha..
[/quote]
nuvvu kuda oka site petti maaku break ivvochu gaa enni rojulu ee 9-5 jobs WFH lu

[tom brady]

informative post

[Gachibowli_Diwakar]

$1.8 billion aah

[Gachibowli_Diwakar]

31 unna stock price .. 26% up aindhi KYAK dhi after hours trading lo ..

[mondimola]

nuvveppudu pedutunnav.. danni verevallu eppudu acquire chestunnaru