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SiliconFreak -> FareChase Travel Firm Bought By Yahoo! (8/9/2004 7:03:58 AM)
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The search company has bought up FareChase, but says the deal will not affect its current travel offering
Yahoo has quietly purchased FareChase, a small online travel company, to help broaden its Web search capabilities.
Yahoo purchased New York-based FareChase on 2 July for an undisclosed sum, company spokeswoman Nicki Dugan said late on Friday. FareChase, founded in 1999, has 25 employees, the majority of which will relocate to Yahoo's headquarters in California.
The Internet giant has made it a priority to build the largest, most comprehensive Internet search service to compete with market leader Google. With FareChase, which provides tools for consumers and travel agents to find information on hotels, cars and flights, Yahoo will be able to build more robust consumer travel services without tapping third parties.
Source : CNET News
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