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November 9, 2012 02:28 am GMT

Priceline.com Acquires Kayak For $1.8 Billion

kayak-1Online 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.

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