Priceline to acquire Kayak in $1.8 billion deal | Redux

Priceline to acquire Kayak in $1.8 billion deal

Excerpt:

Priceline. com plans to buy online travel research company Kayak for cash and stock worth $1. 8 billion or $40 per share. Kayak is a website that allows users to compare hundreds of travel sites when looking for flights, hotels and rental cars. Priceline is a travel site that offers discounted rates, and is known for its "name your own price" feature. The deal is expected to expand Priceline's travel business and build Kayak's brand. The deal needs the approval of Kayak's shareholders and of regulators. It is expected to close in the first quarter of next year. Priceline said Thursday that it will pay $500 million in cash and $1. 3 billion in stock and assumed stock options for the company. Kayak will continue to operate independently as a Priceline Group company.

Keywords:

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Priceline to acquire Kayak in $1.8 billion deal

Additional Info:

Company: Kayak

Overall Sentiment: 0.126368

Relevance: 0.952659

Company: Priceline Group company

Overall Sentiment: 0.144345

Relevance: 0.539715

Company: Priceline.com

Overall Sentiment: 0.056397

Relevance: 0.517438

Disambiguation: References:

• Priceline.com
• Priceline.com: dbpedia
• Priceline.com: freebase
• Priceline.com: umbel
• Priceline.com: opencyc
• Priceline.com: yago
• Priceline.com: crunchbase
• Priceline.com: semanticCrunchbase

FieldTerminology: travel site

Overall Sentiment: 0.0336819

Relevance: 0.422457

Webpage Meta Info

Source URL: Click

Site Provided Desc:

The two travel websites will join forces soon, in a deal that should expand Priceline's business and build Kayak's brand

Provided Title:

Priceline to acquire Kayak in $1.8 billion deal

Webpage Provided Keywords:

• kayak
• priceline

Data Sources

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