Priceline to acquire Kayak in $1.8B deal
Priceline.com Inc. plans to buy online travel-research
company Kayak Software Corp. for $1.8 billion to expand its travel
business.
Priceline will pay about $500 million in cash and $1.3
billion in stock and assumed options. The deal values Kayak at $40 a
share, a 29 percent premium over its closing price Thursday.
Shares
of Kayak — which also reported a 78 percent jump in third-quarter
earnings — soared in after-hours trading while Priceline shares fell.