Priceline.com has agreed to acquire the travel search engine Kayak for over $1 billion. According to the press release, Priceline will pay $40 per share for the company, which has a market cap of $2.5 billion. The deal is expected to close by the end of the year. The company will continue to operate as a stand-alone entity, but will be able to offer its services to other online travel sites, including Expedia, Orbitz, and Travelocity, as well as through its own website.
“Kayak is a great example of how the Internet is changing the way we do business,” said Richard Branson, founder and CEO of Virgin Group, in a statement announcing the deal. “We are excited to be part of this exciting new chapter in the history of our company.” The company has been in business for more than 20 years and is based in San Francisco, California.
Table of Contents
What site is better than Kayak?
FareFirst is the best alternative. Other great apps like KAYAK are Skyscanner, Momondo, Google Flights and Invisible Hand. Engines may be one of the KAYAK alternatives. This is a great app for finding the best deals on flights. You can also use the app to compare the prices of the same flight on different airlines.
The app also allows you to search for flights based on your location. If you want to find a flight that is cheaper than the one you’re currently on, just enter the flight number in the search box and you will get a list of all the flights that are cheaper.
Is booking through Kayak legit?
Kayak is a reliable travel booking website as its purpose is to provide users with the lowest price, whether or not kayak is the website offering you that price. You always get the lowest price, because Kayak allows you to track prices over time. You can check the status of your booking at any time by logging into your account after you receive confirmation of your booking.
Is Kayak a good website?
Users are driven to individual sites by the quality of their reviews, so it can often be more reliable than third-party booking sites. If you’re looking to book a kayak trip, you’ll want to make sure you have a good understanding of the kayaking industry.
Kayaking is a sport that requires a great deal of skill and experience, and it’s important to know the ins and outs of what it takes to get the most out of your trip. The best way to do that is to read reviews from other kayakers who have done the same thing you are about to embark on.
Who is KAYAK owned by?
KAYAK is an independent subsidiary of Booking Holdings, Inc., the world leader in online travel and related services, whose mission is to help people experience the world. Hafner co-founded the company back in 1999. Booking.com is the largest travel website in the United States, with more than 1.5 billion page views per month, and has been ranked as one of the top 10 most popular travel websites worldwide by Travel + Leisure magazine.
When did Priceline acquire KAYAK?
Nov. 8, 2012 /PRNewswire/ — Priceline.com Incorporated (NASDAQ: PCLN) announced today that it has signed a definitive agreement for the Priceline Group to acquire KAYAK in a cash and stock transaction valued at approximately $1.5 billion. The transaction is expected to close in the fourth quarter of 2012.
“We are pleased to announce that we have reached an agreement in principle for a transaction that will bring together two of the world’s leading online travel companies,” said David Zaslav, President and Chief Executive Officer.
Kayak have a proven track record of delivering great value to their customers and we are confident that this transaction will be a great fit for both companies.
Under the terms of this agreement, which is subject to customary closing conditions and regulatory approvals, the combined company will continue to operate as a stand-alone company and will retain its existing management team, including its CEO and CFO, as well as its board of directors.
Who is Priceline owned by?
The parent company of priceline, booking, agoda, kayak, opentable, hotels.com, tripadvisor, and many others, is booking holdings inc. Booking is one of the largest online booking companies in the world, with more than 1.5 billion bookings made each month. The company also owns and operates a number of other sites, such as BookMyShow, which allows users to search for and book hotels and other travel services.
In addition, the company is a major investor in several other online travel companies, including Orbitz, CheapAir, Travelocity, BudgetAirfare, AirBnB, OYO Travel, FlyerTalk, LuxuryFlyerClub, JetBlue, Southwest Airlines, Virgin America, American Airlines Group, Delta Air Lines, US Airways, United Airlines and American Eagle Outfitters. For more information, please visit www.booking.net.
Is KAYAK a good website for hotels?
KAYAK is reliable because it is constantly updating current deals. You can book directly with the airline, car agency, hotel, or third-party travel site once you find a good deal on KAYAK. The following tools are used by KAYAK to present interesting and reliable traveling information to its users.
