Kayak.com Posts

Priceline.com Inc (PCLN) and Kayak Software Corp (KYAK) To Officially Merge Later This Month

Priceline.com Inc (PCLN) and Kayak Software Corp (KYAK) has gotten been cleared for landing their merger.  The two companies said that all of the necessary regulatory approvals have been obtained and they closing date of the proposed merger of KAYAK and Priceline.com is scheduled for May 21, 2013.

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Priceline.com Acquires KAYAK For $1.8 Billion

Priceline.com has announced that they will be acquiring KAYAK in a stock and cash transaction worth $1.8 billion.  This deal values KAYAK’s stock at $40 per share.  Priceline.com will be paying $500 million of the consideration in cash and $1.3 billion in equity and assumed stock options.

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Kayak Now Valued At Roughly $1 Billion Following IPO

Kayak.com has started trading on the NASDAQ exchange under the symbol “KYAK.”  The stock of the company grew over 14% to $30.10, which gave them a market cap of around $1 billion.  Yesterday Kayak sold 3.5 million shares at $26 per share.  This helped the company raise around $91 million in capital.

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Kayak Files For $100 Million IPO At $25 Per Share

Kayak.com, the hotel and flight search engine company, has filed for a $100 million IPO with a trading range of between $22 to $25 on the Nasdaq exchange. Kayak will trade under the symbol “KYAK.” Kayak will offer four million shares and will raise a maximum of $100.6 million, which is twice as much as their initial filing.

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Kayak Acquires Austrian Travel Website JaBo Software For $9.5 Million

Kayak.com has acquired Austrian travel website JaBo Software for $9.5 million. Kayak.com reported first quarter revenues of $53 million, which is 43% growth from a year ago. JaBo Software’s website is www.checkfelix.com. Kayak.com filed their IPO papers this past November and is planning to raise $50 million.
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Kayak.com Adds Hotel Booking

Kayak.com has added the option to book a hotel room directly through their website. Kayak.com used to promote hotel prices from third parties such as Hotels.com, Expedia, and Priceline. Currently the hotels feature is in limited beta and it will be available through the Kayak.com iPhone app too. Kayak.com recently filed for an IPO and it makes money by referring traffic to Expedia and Orbitz.
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Microsoft Partners With KAYAK For Bing Travel

Microsoft Corporation (NASDAQ:MSFT) has partnered with travel search engine KAYAK.com. In the next few weeks Bing Travel will aggregate travel search engine data gathered from KAYAK.com. Bing Travel is also best known for a service known as Farecast. Farecast charts flight prices and makes predictions based on whether now is a good time to buy a flight or hold out. This is especially useful now considering that oil prices are at an all-time high and domestic airlines have increased prices for the 6th time in a row. [Bing Community Blog]

Kayak.com Files For $50 Million IPO

Kayak.com has filed an S-1 statement with the SEC for a proposed IPO. Kayak hopes to raised $50 million according to the S-1. During the first 9 months of 2010, Kayak made about $128 million in revenues. This is a 48% jump from the year before. During the third quarter ending September 30, Kayak made about $48 million in revenues. Between January and September, Kayak.com processed over 469 million user queries.
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