Online travel agency Priceline.com Inc. (PCLN) said Tuesday that it has completed the acquisition of Kayak Software Corp. (KYAK).
In November 2012, Priceline.com agreed to buy Kayak in a $1.8 billion cash and stock deal.
Kayak, which went public in July 2012, is a travel research site that allows people to easily compare hundreds of travel sites at once when searching for flights, hotels and rental cars, and gives travelers choices on where to book.
Under the terms of the deal, Kayak merged with and into a wholly-owned subsidiary of priceline.com.
Priceline.com paid about $522.4 million in cash and issued about 1.52 million shares of common stock in connection with the merger, in addition to assuming outstanding Kayak stock options.
Kayak will continue to operate as an independent brand within The Priceline Group.
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