Trading Room home page

Priceline to buy rival travel site

Market watch top headlines

Australian reports

World reports

Stocks to watch

BUX, FLT, GUD, KCN, SIR,

NEW YORK, Nov 8 AFP

November 09 2012, 08:37AM

Priceline has agreed to buy rival travel website Kayak in a stock-and-cash deal worth $US1.8 billion ($A1.74 billion), the companies said on Thursday.

Priceline Group president and chief executive Jeffery Boyd said Kayak "has world class technology and a tradition of innovation".

Boyd added that Priceline could "be helpful with Kayak's plans to build a global online travel brand".