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Priceline.com Acquires Kayak For $1.8 Billion, Will Allow Kayak To Continue To Operate Independently

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http://techcrunch.com – Online travel site Priceline.com just announced that it has agreed to acquired the travel search engine Kayak for $1.8 billion. Priceline will pay $40 per share for Kayak. About $500 million of the purchase price will be in cash and the other $1.3 billion in equity and stock options. Kayak was founded in 2004 by a team of online travel industry veterans, including Steve Hafner (CEO) a co-founder of Orbitz, Paul English (CTO) a former VP of technology at Intuit, Terrell Jones (Chairman), founder of Travelocity, and Greg Slyngstad (Director), founder of Expedia. The company received a total of a (IT news)