Small online travel company purchased
by Yahoo!
In its quest to be the most comprehensive search
engine on the Net, Yahoo has purchased New York-based FareChase
in early July for an undisclosed sum.
FareChase was founded in 1999 and had 25 employees
that will now relocate to Yahoo's headquarters in Sunnyvale, California.
FareChase provides tools for consumers and travel
agents to find information on hotels, cars and flights.
"We're attracted to their travel expertise, and
we feel that they will further our goal to create the most comprehensive
and relevant travel experience on the Web," said Nicki Dugan,
Yahoo spokeswoman.
She added that the acquisition of FareChase will not
immediately affect Yahoo Travel, which is in an exclusive deal
with Travelocity who provides the underlying tools that let Yahoo
visitors search for hotels, cars and flights.
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