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April 18, 2008
Microsoft Acquires Travel Search Site Farecast
Microsoft has acquired Seattle-based travel search site Farecast for an estimated $115 million, according to published reports. Both parties are remaining largely mum on the matter, which resolved April 9.
Farecast uses predictive technology to offer its users comprehensive results on hotels and airfare prices. It also uses historical data to let searchers know if they're really getting a deal.
All 27 of Farecast's employees will become Microsoft employees as a result of the acquisition.
Related reading:
What Matters Most to Travel Search Marketers in 2008?
Posted by Nathania Johnson on April 18, 2008 9:27 AM
