On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
78° Feels Like: 79°
Wind: SW 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 75°

Tonight

Clear 62°

Tomorrow

Sunny 79°

Alerts

Priceline gets U.S. approval to buy Kayak

WASHINGTON (Reuters) - Priceline.com Inc has won U.S. antitrust approval to buy Kayak Software Corp, the Federal Trade Commission said on Tuesday.

The acquisition, announced in early November, is valued at $1.8 billion.

The deal was one of several on a list of approved transactions that the FTC issues several times a week. The listing is put out by the FTC, but the approvals could come from either that agency or the Justice Department.

Kayak, which offers a website and mobile applications to help consumers compare prices for airlines, hotels and rental cars, went public in July with shares priced at $26. It operates like a search engine, letting consumers compare pricing along with other websites such as Priceline.com rivals Expedia Inc and Orbitz Worldwide Inc.

Priceline, which is known for its name-your-own-price auction, has the largest market capitalization of online travel agencies.

Kayak will be operated independently under the leadership of its current management, which includes company co-founders Steve Hafner and Paul English, Priceline said in November.

(Reporting By Diane Bartz; editing by John Wallace)

Comments