Expedia (EXPE) Falls at Priceline Scoops Up KAYAK
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Under the Hood of priceline.com's (PCLN) Acquisition of Kayak (KYAK)
November 9, 2012 1:08 PM ESTYesterday's top news story was priceline.com's (Nasdaq: PCLN) acquisition of Kayak (Nasdaq: KYAK) for $40 per share in stock and cash. The deal is expected to close in the first quarter of next year, and it is already having ripple effects on the industry.
For example, shares of competitor Expedia (Nasdaq: EXPE) dropped immediately following the announcement, TripAdvisor (Nasdaq:... More
priceline.com (PCLN) Buys KAYAK Software (KYAK) for $40/Share
November 8, 2012 4:03 PM ESTKAYAK Software Corporation (Nasdaq: KYAK) announced financial results for the third quarter ended September 30, 2012. The company also announced that it signed a definitive agreement to be acquired by priceline.com Incorporated (Nasdaq: PCLN) for $40 per share in cash and... More
