The Federal Trade Commission has reportedly granted permission for Priceline to acquire Kayak for $1.8 billion. The two travel research websites had agreed to merge last November; the deal will go through at $40 a share of Kayak in addition to $500 million in cash and $1.3 billion in equity and stock options paid by Priceline. In a statement, Priceline’s CEO said the company is looking to “be helpful with Kayak’s plans to build a global online travel brand.” Kayak’s CEO expressed similar approval of the deal. When first announced by the companies in November, the two had expected the deal to close by the end of the first quarter of 2013.
Full Content: WebProNews
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI