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Old 28th December 2007, 02:06 AM
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Kayak.com reach $196m bid--Asia Domain Name Registration Limited

Kayak.com mounts $196m bid--Asia Domain Name Registration Limited


Domain name news brought to you by Asia Domain Name Registration Limited

A generically named travel search engine has announced that it is to complete the

acquisition of another company.

The San Jose Business Journal reports that Kayak.com has put together $196 million of

funding in order to bid for SideStep Inc, which will include the acquisition of

SideStep.com.

It is reported that the deal will involve a number of major changes including movements

within company executive boards although it has been stated that both Kayak.com and

SideStep.com will continue to operate as separate entities.

Kayak.com was established in January 2004 with a view to offering consumers a single

integrated travel search system and experienced rapid growth in its first year raising an

estimated $15 million, the website reported in March 2005.

Commenting on the launch, Kayak.com co-founder Paul English said that the site offered a

solution for those who would otherwise spend hours searching online for the right travel

deal.

"What's different today is that suppliers all have pretty good websites. You can spend all

that time checking them yourselves, or you can go through us," he said.
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