November 8, 2012 / 9:18 PM / 5 years ago

Priceline to buy Kayak Software for $1.8 bln

Nov 8 (Reuters) - Online travel agency Priceline.com Inc will buy smaller rival Kayak Software Corp in a deal that values the company at $1.80 billion.

Priceline offered to buy Kayak for $40 a share at a 29 percent premium to the company’s Thursday closing price of $31.04.

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