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Article: Priceline.com Acquires Asian Online Hotel Reservation Service Agoda Company.
- Article from:
- Business Wire
- Article date:
- November 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORWALK, Conn. & BANGKOK, Thailand -- Priceline.com[R] (NASDAQ: PCLN) announced today that it has acquired Bangkok- and Singapore-based Agoda Company, an online travel company specializing in hotel discount bookings throughout Asia, in a transaction that includes an initial cash payment and a multi-year, performance-based earn-out. Priceline.com said it intends to retain Agoda's current management team, who will continue to manage Agoda's operations independently as part of priceline.com's international business.
In the Asia Pacific region, Agoda offers hotel properties in Australia, China, Japan, India, Thailand, South Korea, Singapore, Indonesia, the ...