Last week, Priceline.com acquired Kayak for $1.8 billion. That’s more than twice what Google paid for ITA back in 2010. Why did Priceline make this move? And why now?
Priceline acquired Kayak for $40 a share, about $500 million in cash, $1 billion in Priceline equity, and about $300 million in stock options. Kayak got a premium price — a 29 percent premium, to be exact — from Priceline… → Read More
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. → Read More
Chief Executive magazine and Applied Finance Group have published their third annual ranking of CEO “wealth creators” and “wealth destroyers”.
In the former category, the list of top 5 performers includes Priceline.com CEO Jeff Boyd, Apple CEO Steve Jobs and Amazon.com CEO Jeff Bezos (see full list here). → Read More
Last week Facebook was hit with yet another patent lawsuit, this time by Walker Digital, an “invention company” founded by Jay S. Walker, co-inventor of Priceline.com. And boy does this one come straight out of left field. → Read More
Michael wrote about rumors of a Google/ Skype hookup April 1, a deal that would make a lot of sense. One that doesn’t are rumors that Google may be getting ready to bid for travel giant Expedia. Expedia shares were up over 9% Tuesday and a further 1% Wednesday based on the rumors (chart above) for a market cap of $7.18 billion. Expedia stock is still down approx. 30% from its October 2007… → Read More
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