This is a monster deal in the online world. Priceline.com became the most valuable online travel agency behind a vigorous marketing effort featuring William Shatner, which he did in exchange for company stock. That deal has netted him profits that some suggest are near $600 million after the company’s shares bottomed out during the dot-com bust — the stock price at today’s close was $627.87. Now Priceline is acquiring Kayak Software Corp for $1.8 billion in cash and stock. Kayak shareholders will receive $40 a share, a 29% premium over its closing price, and the stock surged above $40 in after-hours trading. The deal includes $500 million in cash and $1.3 billion in equity and assumed stock options, Bloomberg reports. Kayak debuted its IPO in July.
William Shatner’s Priceline Buying Rival Kayak For $1.8B
For all of Deadline’s headlines, follow us @Deadline on Twitter
Sign up for Newsletters
Trending Now on Deadline
Netflix Nabs Judd Apatow Comedy Series With 2-Season Order; Paul Rust & Gillian Jacobs To Star, Legendary TV To Produce
More From Team
- Ben Kingsley, Brie Larson Head For 'Brooklyn Bridge'; Revolver Takes 'Bhopal' Disaster Drama
- Shawn Ryan Among Winners In WGA West Board Of Directors Election
- Fox Writers Intensive Accepting Nominations
- GSN Orders 'Baggage' Spinoff; Jerry Springer To Return As Host
- Mark Feuerstein Joins Showtime's 'Nurse Jackie'; Nick Clifford In VH1's 'Hindsight'
- Rosie's Return Snares Big Ratings For 'The View'