Farecast Has Been Acquired by Microsoft
It has been reported this morning that Farecast has been acquired by Microsoft for $115 million. Farecast is a travel prediction engine which attempts to help you find the most ideal time to purchase tickets.
This is a good return for investors into Farecast, because they received approx 5 times their investment.
Microsoft has already openly stated that they will integrate the Farecast technology into MSN Travel. Farecast had a very good technology and im sure there must have been more companies interested in Farecast, because I cant see that Microsoft would pay $115 million just to put the technology into their travel section. Must have been a strategic move to keep the technology out of reach of their competitors.
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