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November 9, 2012

Priceline to acquire Kayak

NORWALK, Conn. (AP) — Priceline.com Inc. plans to buy online travel research company Kayak for cash and stock worth $1.8 billion or $40 per share.

Kayak allows users to compare hundreds of travel sites when looking for flights, hotels and rental cars. The deal is expected to expand Priceline's travel business and build Kayak's brand.

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