PlanetEye

April 18th, 2008

Microsoft Flies Away with Farecast

Mark Evans: Director, Community

Microsoft has taken a bigger position within the online travel business amid news it has purchased Seattle-based Farecast for a reported $115-million.

Farecast, which has had a partnership with MSN Travel since last year, is a travel search engine that provides people with on-the-go information about airfare prices. Its investors include Madrona Venture Group, Par Capital Management and Greylock Partners.

Fore more details, check out John Cook’s Venture Blog.

Disclosure: Microsoft is an investor in PlanetEye.

Technorati Tags: Farecast, Microsoft, PlanetEye, Search Engines

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