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Short Take: Priceline.com gets pumped with $55 million

Microsoft cofounder Paul Allen's Vulcan Ventures and a group of investors have pumped a $55 million third round of capital into Priceline.com, which lets consumers set their own prices for airline tickets, hotel rooms, automobiles, and soon mortgages. The exact sum invested by Allen's firm was not disclosed. Allen's firm also is an investor in CNET: The Computer Network, publisher of News.com.

Microsoft cofounder Paul Allen's Vulcan Ventures and a group of investors have pumped a $55 million third round of capital into Priceline.com, which lets consumers set their own prices for airline tickets, hotel rooms, automobiles, and soon mortgages. The exact sum invested by Allen's firm was not disclosed. Allen's firm also is an investor in CNET: The Computer Network, publisher of News.com.