Microsoft buys Farecast for $115 million
Microsoft has purchased Farecast, a travel pricing/comparison/booking service that competes with similar web services like Travelocity, Orbitz, and Kayak. What sets Farecast apart from other services is the site's focus on predictions. Based on trends over time, Farecast can help users predict whether prices will go up or down in the future.
The Seattle Post Intelligencer says Microsoft paid $115 million for the company. In a blog post, Farecast says very little about the acquisition other than that it "created tremendous opportunities." Farecast is already prominently featured on Microsoft's MSN Travel site. It's not clear if and how Microsoft will utilize Farecast and its technology beyond the travel site.
[via Profy]
The Seattle Post Intelligencer says Microsoft paid $115 million for the company. In a blog post, Farecast says very little about the acquisition other than that it "created tremendous opportunities." Farecast is already prominently featured on Microsoft's MSN Travel site. It's not clear if and how Microsoft will utilize Farecast and its technology beyond the travel site.
[via Profy]















Reader Comments (Page 1 of 1)
4-17-2008 @ 11:17PM
Quikboy said...
Maybe MS might improve the look a bit. I think Farecast does a pretty good job, I just think has the worst look out of all the other booking sites.
Considering Expedia is already owned by MS, maybe this will create a stronger booking site?
Reply
4-18-2008 @ 7:37AM
Adam said...
Echo the poster above. M$ owns expedia. Arguably one of M$ best entities
Reply
4-18-2008 @ 7:37AM
Jim said...
Microsoft *started* Expedia. but spun it off into a seperate company in 1999. It was then bought by USA Networks (the cable TV channel) in 2001.
Get your facts right, people! Oh, and people that write "M$" are idiots.
Reply
4-18-2008 @ 7:39AM
modtv1337 said...
.......jim plz get off of m$ balllzack .....its embarrassing o.o
Reply
4-18-2008 @ 11:49AM
kaushik said...
When will Microsoft buy my site?
Reply