A PYMNTS Company

UK: Priceline’s patience tested in closing of $1.8B deal

By  |  March 13, 2013

The closing of a $1.8 billion acquisition of Kayak Software Corp. by Priceline.com Inc. will be delayed due to the Office of Fair Trading’s continuing review of the deal, the online travel agency said in a statement. The company, which has become the most profitable in its market, had originally expected the deal to close by the end of this year’s first quarter; the OFT’s deadline extends into May to rule on the deal. According to reports, Priceline’s buyout is yet another acquisition in its efforts to earn more customers.

    Get the Full Story

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

    Subscribe 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.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Bloomberg

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