UK antitrust review delays Priceline’s deal to buy Kayak

By A. Ananthalakshmi (Reuters) – Online travel agency Priceline.com’s $ 1.8 billion deal to acquire smaller rival Kayak Software Corp, which was expected to close this month, will be delayed due to a prolonged review by UK antitrust regulators. The UK Office of Fair Trading (OFT) has told the companies that the administrative deadline for its review is expected to be in May, Priceline said on Wednesday. Priceline, which expected the deal to close in the first quarter of 2013, did not say why the review was delayed. Company spokesman Brian Ek declined to comment. …

Full Story Via Internet News Headlines – Yahoo! News

Bookmark the permalink.

Comments are closed.