Priceline to acquire Momondo group
Copenhagen – 8 February 2017
Priceline group pays 550 million USD for acquisition of all shares of Momondo group. The meta searcher with it’s platforms momondo.com and cheapflight.com will be led by Priceline’s Kayak.
“Momondo has a strong brand presence in certain parts of Europe, a market where we are keen to continue expanding our global meta footprint,” said Glenn Fogel, CEO of The Priceline Group. “Meta is a model consumers like and we think Momondo will complement KAYAK’s current consumer offering.”
“Momondo and Cheapflights have built great products serving loyal users across Europe,” said Steve Hafner, … Read More