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Priceline gobbling up OpenTable for $2.6 billion

The Priceline Group has quite the appetite for acquisitions. Two days after buying Seattle hotel marketing startup Buuteeq, the Norwalk, Conn.-based travel giant announced that it has entered into a deal to buy OpenTable for $103 per share in an all cash deal valued at $2.6 billion. Priceline’s Darren Huston called OpenTable a great match…. Read More

airbnb last minute

Last-minute travel heats up with new mobile offering from Airbnb

Airbnb is experimenting with a new service that will enable the San Francisco company to enter the very crowded field of booking last-minute accommodations over a phone. Starting today, Airbnb will allow travelers to book affordable rooms for rent in people’s homes or luxury vacation houses for the same day. The service is launching today in Los Angeles and San Francisco, and Airbnb says… Read More

airbnb office

Airbnb may be worth more than Expedia

Airbnb is reportedly in talks to raise up to $500 million at a $10 billion valuation, which would make it worth slightly more than publicly held Expedia. The six-year-old San Francisco start-up epitomizes the sharing economy, by allowing people to rent out unused rooms in their home — or entire islands and castles — to anyone… Read More

barriecohen

Tech Moves: Priceline CEO steps down; Barrie Cohen heads NWEN; Boeing names CIO; and more

—Priceline President and CEO Jeff Boyd has stepped down from his chief executive position in a surprising move announced during the company’s third quarter earnings disclosure today. He will be replaced by Booking.com CEO Darren Huston, though will remain as chairman of Priceline’s board. Prior to working at Booking.com, Huston played multiple roles at Microsoft,… Read More

kayak

Priceline acquires Kayak for $1.8 billion

Priceline.com Inc. announced today the acquisition of fellow travel website Kayak. Priceline paid approximately $500 million of the consideration in cash and $1.3 billion in equity and stock options. This is big news for Bellevue-based travel giant Expedia, who will now have to compete against a stronger and more robust Priceline. In its earnings report released last… Read More