NORWALK, Conn. --
Priceline.com upped its hotel clout in Europe with the
acquisition of Active Hotels, a reservations service and
distributor, for some $161 million.
Active Hotels,
which will operate as an independent business, has relationships
with about 8,000 properties in Europe, Priceline said.
Active Hotels
gross bookings are expected to come in at $160 million through the
12 months ending Sept. 30, Priceline said.
Priceline
increased its fourth-quarter guidance due to the acquisition. Pro
forma net income per share is expected to increase one penny, to
$0.14 to $0.18, the company said.
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