Sullivan & Cromwell Guides Priceline In $1.8B Kayak Buy

Law360, New York (November 8, 2012, 7:56 PM EST) -- Priceline Group, which owns online travel-related brands including, agreed to buy flight finder Kayak Software Corp. for $40 a share in a stock-and-cash deal that puts Kayak’s worth at roughly $1.8 billion, Priceline said Thursday.

Priceline, which will pay some $500 million in cash and roughly $1.3 billion in equity and stock options for the purchase, said that directors of both companies have agreed to the deal and that they are still awaiting Kayak’s shareholder vote and regulatory approvals before the deal closes roughly by...
To view the full article, register now.