Priceline (PCLN) is acquiring Kayak Software (KYAK) for $40/share, or $1.8B. The price...

|About: The Priceline Group Inc. (PCLN)|By:, SA News Editor

Priceline (PCLN) is acquiring Kayak Software (KYAK) for $40/share, or $1.8B. The price represents a 29% premium to Kayak's close today. 1/3 of the purchased will be financed via cash, and 2/3 via stock. Priceline expects the deal to close in Q1, and have a minimal impact on 2013 EPS. Regulators may take a close look. PCLN -1.5% AH. KYAK is halted until 4:30 p.m.  (PR)