Travel sites merge in $150 million-plus deal

Kayak.com will buy SideStep, in a move to compete with the biggest names in online travel services.

Travel search engine Kayak.com says it has raised $196 million in a round of venture funding. At least $150 million of that will go toward the purchase of rival SideStep. The company will use some of those funds to expand internationally, and hopes to take on Expedia as the No. 1 travel site online.

Read more at Red Herring

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