Priceline buys Kayak for $1.8 billion dollars – Travel Intelligence.

0 Flares Facebook 0 Twitter 0 LinkedIn 0 Email 0 Google+ 0 Pin It Share 0 StumbleUpon 0 0 Flares ×

 

A bomb just dropped in the online travel world: Priceline the world’s largest travel company, has agreed to acquire travel meta-search company Kayak, for about $1.8 billion. Priceline’s shares are down about 1.7 percent in extended trading, while Kayak’s up about 1.6 percent.Major deal points:– Priceline is offering $40 per share of Kayak, which is about 30 percent premium on today’s share value of around $30 a share. This values the company at about $1.8 billion, with about $500 million in cash and $1.3 billion in equity and assumed stock options.– Both boards have approved the deal, but shareholder approval required, expected to close by Q1, 2013.– Kayak to remain a separate brand, with same management.– As of November 8, 2012, Kayak’s directors and officers owned 70.4%, of its Class A and Class B common stock, which represents 77.9% voting power, which means shareholder resistance to the deal unlikely.

via Priceline buys Kayak for $1.8 billion dollars – Travel Intelligence. Global Smartness.

Enhanced by Zemanta
0
Google+1Facebook0Twitter0LinkedIn0Pinterest0buffer

Content Curator Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

Fresh Curations

477187107_8aed556778_o

Things to Know About Love Gloves

Getting used to wearing condoms during sexual intercourse usually takes some time and practice, but as these devices are the most reliable and efficient method to protect us … [Read More...]

Alberca

Dream of a Holiday?

It's a Friday afternoon and I'm waiting for the end of the day.  It is times like this when my mind begins to wander. It is amazing that your body can be in the office, … [Read More...]

More curations from this category:

Car Rentals for $15 per day
0 Flares Facebook 0 Twitter 0 LinkedIn 0 Email 0 Google+ 0 Pin It Share 0 StumbleUpon 0 0 Flares ×