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The Momondo Group has sold to the Priceline Group, owner of rival travel search service Kayak, in a $550 million deal.
The deal gives the Priceline Group a head-start in a few of the markets where it has failed to achieve any significant traction over the years, primarily in Europe.
Momondo is traditionally a strong player in its home markets in Scandinavia (it was born in Denmark).
Hugo Burge, CEO of Momondo Group for the past six years, after joining the company in 2000, praises the new mothership for its “proven track record of operating successful, customer-centric travel brands all over the world”.
With Priceline Group owning Kayak and Momondo outright, plus Ctrip (with Priceline’s money) controlling Skyscanner, there is very little left for rival group Expedia Inc to capture when it comes to travel search.