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.
which will operate as an independent business, has relationships
with about 8,000 properties in Europe, Priceline said.
gross bookings are expected to come in at $160 million through the
12 months ending Sept. 30, Priceline said.
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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