Friday, May 24, 2013

Breaking Travel News | News: technology: Priceline.com and KAYAK announce completion of merger

Breaking Travel News | News: technology
Priceline.com and KAYAK announce completion of merger
May 24th 2013, 05:30

Priceline.com Incorporated and KAYAK Software Corporation today announced the successful completion of the acquisition of KAYAK by priceline.com.  In accordance with the terms of the transaction as previously announced, KAYAK merged with and into a wholly-owned subsidiary of priceline.com.  Priceline.com paid approximately $522.4 million in cash and issued approximately 1,519,717 shares of common stock in connection with the merger, in addition to assuming outstanding KAYAK stock options.

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