A PYMNTS Company

UK: Priceline passes review of Kayak buyout

By  |  May 9, 2013
UK: Priceline passes review of Kayak buyout

Online travel site Priceline has announced that UK regulators have completed their review of the buyout of Kayak after the overview had previously delayed completion plans; the merger will not be referred to the Competition Commission. The deal, set for $1.8 billion, was first announced last November and had originally been scheduled for completion in the first quarter of 2013. Now, with the Office of Fair Trading’s approval of the deal, the parties set a date of May 21 to close the deal. According to reports, the OFT likely initiated a review after discovering that 82 percent of Priceline’s gross sales were made outside of its US home base.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Travel Weekly

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.