Kayak.com Purchases SideStep for $193 Million
Date: 12-26-2007Kayak.com, the travel search engine, has acquired rival SideStep, Inc. for $193 million. Kayak.com raised a total of $196 million in financing to complete the purchase which was contributed by the existing investors in the two companies as well as new investors. Sequoia Capital Partner Michael Moritz will join the Kayak.com board of directors. Both SideStep.com and Kayak.com brands will be maintained and promoted independently. Kayak.com estimates the combined entity to become the fifth-largest travel brand in search volume.
