The city of Boston is known for serving as a hub for healthcare technology and biotech companies. However, Kayak.com co-founder and former CTO Paul English wants to encourage more Internet startups to set up shop there. English has raised $20 million in funding for a new incubator called Blade.
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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.