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Priceline buys Kayak for $1.8 billion

11/08, 6:10pm

Kayak's earnings up 29 percent before acquisition

Travel website Priceline has purchased Kayak.com for $40 per share, it was announced today. The deal amounts to about $1.8 billion, with the Priceline Group paying about $500 million of that in cash and the rest coming in equity and assumed stock options. The deal is expected to close during the first quarter of 2013.

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