Priceline to acquire KAYAK in $1.8B deal
Thursday, November 8, 2012
Concord, MA
Deal Type: 
Acquisition 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.

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KAYAK is a travel search engine.