The Priceline Group has acquired Momondo for approximately US$550 million in a cash purchase, completing a deal announced in February.
The Momondo Group, which operates European travel meta engine Momondo and global flight comparison and travel deals publishing platform Cheapflights, will now come under The Priceline Group’s leading travel meta brand, Kayak.
Headquartered in the UK and Copenhagen, with an office in Boston, the Momondo Group businesses will report to Kayak CEO Steve Hafner.
Following the completion of the acquisition, the respective chiefs of Momondo and Cheapflights, Hugo Burge and Andrew Shelton, have both announced their departure from the companies.
