Priceline.com and KAYAK announce closing date of proposed merger and election deadline

Priceline.com and KAYAK announce closing date of proposed merger and election
                                   deadline

PR Newswire

NORWALK, Conn., May 9, 2013

NORWALK, Conn., May 9, 2013 /PRNewswire/ -- KAYAK Software Corporation
(NASDAQ: KYAK) ("KAYAK") and priceline.com Incorporated (NASDAQ: PCLN)
("priceline.com") today announced that all necessary regulatory approvals have
been obtained and that the closing date of the proposed merger of KAYAK with
priceline.com has been scheduled for May 21, 2013. In accordance with the
merger agreement, the election deadline for KAYAK stockholders to specify the
type of consideration they wish to receive will be 5:00 pm, Eastern Time on
May 14, 2013, which is the date that is 5 business days preceding the
scheduled closing date.

KAYAK stockholders should submit a properly completed election form
(previously provided to stockholders of record as of January 24, 2013) to the
exchange agent by the election deadline. KAYAK stockholders, other than
stockholders of record, should contact their bank or broker to make their
election by the election deadline. KAYAK stockholders who wish to obtain a
new election form or have any questions about the election form should contact
KAYAK's information agent, Georgeson, at the following address and phone
number: 199Water Street, 26^th Floor, NewYork, NY 10038, (888)293-6908
(Toll Free); Banks and Brokerage Firms please call: (212)440-9800.

Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking" statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and the
Private Securities Litigation Reform Act of 1995, known as the PSLRA. These
statements, as they relate to priceline.com or KAYAK, the proposed merger of
KAYAK with priceline.com and the election deadline for KAYAK stockholders,
involve risks and uncertainties that may cause results to differ materially
from those set forth in the statements. These statements are based on current
plans, estimates and projections, and therefore, you are cautioned not to
place undue reliance on them. No forward-looking statement can be guaranteed,
and actual results may differ materially from those projected. Priceline.com
and KAYAK undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events or otherwise,
except to the extent required by law. Forward-looking statements are not
historical facts, but rather are based on current expectations, estimates,
assumptions and projections about the business and future financial results of
the online travel industry, and other legal, regulatory and economic
developments. Priceline.com and KAYAK use words such as "anticipates,"
"believes," "plans," "expects," "projects," "future," "intends," "may,"
"will," "should," "could," "estimates," "predicts," "potential," "continue,"
"guidance," and similar expressions to identify these forward-looking
statements that are intended to be covered by the safe harbor provisions of
the PSLRA. Actual results could differ materially from the results
contemplated by these forward-looking statements due to a number of factors,
including, but not limited to, those described in the documents priceline.com
and KAYAK have filed with the U.S. Securities and Exchange Commission (the
"SEC") as well as the possibility that (1) the length of time necessary to
consummate the proposed transaction may be longer than anticipated; (2)
problems may arise in successfully integrating the businesses of priceline.com
and KAYAK or such integration may be more difficult, time-consuming or costly
than expected; (3) the proposed transaction may involve unexpected costs; (4)
the businesses may suffer as a result of uncertainty surrounding the proposed
transaction, including difficulties in maintaining relationships with
customers or retaining key employees; (5) the parties may be unable to meet
expectations regarding the timing, completion and accounting and tax
treatments of the transaction; or (6) the industry may be subject to future
risks that are described in the "Risk Factors" section of priceline.com's and
KAYAK's Annual Reports on Form 10-K, their respective Quarterly Reports on
Form 10-Q, the Registration Statement on Form S-4 (No. 333-185465) filed by
priceline.com in connection with the merger on February 1, 2013 (the
"Registration Statement") and other documents filed by either of them from
time to time with the SEC. Neither priceline.com nor KAYAK gives any assurance
that either priceline.com or KAYAK will achieve its expectations.

The foregoing list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties that affect the
businesses of priceline.com and KAYAK described in the "Risk Factors" section
in priceline.com's and KAYAK's Annual Report on Form 10-K, priceline.com's and
KAYAK's Quarterly Reports on Form 10-Q, the Registration Statement and other
documents filed by either of them from time to time with the SEC. All
forward-looking statements included in this document are based upon
information available to priceline.com and KAYAK on the date hereof, and
neither priceline.com nor KAYAK assumes any obligation to update or revise any
such forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of the date
hereof.

Additional Information and Where to Find It
This document relates to a proposed transaction between KAYAK and
priceline.com, which is the subject of the Registration Statement and joint
proxy statement/prospectus forming a part thereof. This document is not a
substitute for the Registration Statement or any other documents that KAYAK or
priceline.com may file with the SEC or send to stockholders in connection with
the proposed transaction.

Investors and security holders are able to obtain free copies of the
Registration Statement and all other relevant documents filed or that will be
filed with the SEC by KAYAK or priceline.com through the website maintained by
the SEC at www.sec.gov. 

In addition, investors and security holders may obtain free copies of the
joint proxy statement/prospectus from KAYAK by contacting KAYAK Software
Corporation, 55 North Water Street, Suite 1, Norwalk, CT 06854, Attn:
Corporate Secretary or by calling (203) 899-3100.

SOURCE Priceline.com; KAYAK

Website: http://www.priceline.com
Contact: Brian Ek, (203) 299-8167, brian.ek@priceline.com, or Investor
Relations, Matthew Tynan (203) 299-8487 matt.tynan@priceline.com
 
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