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.