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(Image from article: "Expedia Shares Tanking, EPS Miss Blamed")

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Priceline to Buy Kayak in $1.8 Billion Deal

Priceline

Priceline is buying Kayak in a $1.8 billion cash-and-stock deal, adding a travel search site that went public earlier this year.

 

Expedia Shares Tanking, EPS Miss Blamed

Expedia Shares Tanking, EPS Miss Blamed

The online travel website has seen better quarters, with higher taxes, increased spending on technology and content, and a push and pull between airlines and global distribution systems that took a toll in the last quarter of 2010. The stock was down more than 18% Friday at $21.06.

 

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