Kayak Acquires Sidestep

Dec 28, 2007

Kayak.com, a travel search engine, announced the completion of a $196 million financing round. Kayak.com will use this investment to complete a merger with SideStep, Inc. and to pursue an expansion. As part of this transaction, Michael Moritz of Sequoia Capital will join kayak.com's board of directors. In parallel with the new financing, a subsidiary of kayak.com will merge with sidestep.com, a travel search company. Kayak.com intends to maintain both the sidestep.com and kayak.com brands and will develop and promote each site independently, with sidestep.com personnel joining kayak.com's team.

(www.kayak.com, www.sidestep.com)