Saturday, August 28, 2004

Yahoo will honor all FareChase's existing contracts and agreements with travel partners

CMPnetAsiaAlthough she declined to discuss integration plans for the travel vendor, Yahoo spokesperson Nicki Dugan noted that ""FareChase's travel expertise will help further Yahoo's goal to create the most comprehensive and relevant travel experience on the Web."

The majority of FareChase employees will relocate to the Yahoo facility in Sunnyvale, California. FareChase's U.S. headquarters is in New York; the company's research and development team is based in Israel.

Currently, Travelocity.com offers air, car, and hotel through Yahoo Travel. Dugan stressed that the FareChase acquisition does not in any way impact Yahoo Travel and Travelocity continues to be the exclusive travel partner.

Yahoo will honor all FareChase's existing contracts and agreements with travel partners. Current FareChase customers include Worldspan, Sabre, Amadeus, and TRX.

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