Yahoo buys travel search engine vendor
Yahoo has bought travel search-engine vendor, FareChase, for an undisclosed sum. Although the deal was completed on July 2, neither company has made an announcement according to a Yahoo spokesperson who confirmed the acquisition. Most FareChase employees will move to the Yahoo facility in California. FareChase has US headquarters in New York while the company...
UPDATE: Update: Yahoo has confirmed they bought the company, more than a month ago. Why was this kept quiet? SEC rules did not require disclosure due to the small size of the deal...the statement they sent to me: "FareChase's travel expertise will help further Yahoo!'s goal to create the most comprehensive and relevant travel experience on the Web." Yahoo stressed this will not impact the Yahoo Travel! property in which Travelocity continues to be the exclusive partner. Well, maybe, but...I'm not sure about that long term!
COMMENTS: FareChase is a best of breed technology only next best thing to come down the pike is kayak.com.. stay tuned
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