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Posted at 02:45 PM ET, 11/09/2012

Priceline agrees to acquire Kayak #thecircuit

Priceline agrees to acquire Kayak: The travel research site Priceline announced Thursday that it has agreed to acquire Kayak, a similar firm, for $1.8 billion.

As the Associated Press reported, Priceline will pay about $500 million in cash and $1.3 billion in stock for the company. The deal is awaiting the approval of Kayak’s shareholders and federal regulators.

Kayak recently reported a 78 percent jump in earnings for the third quarter. The company only went public in July, after choosing to delay its public offering due to a weak market.

Data brokers respond to letters: Data broker firms responded to letters from Rep. Ed Markey (D-Mass.) asking the companies to disclose more information about their data collection and sharing practices.

Several said that they rely largely on public information, though at least one does look to social networks as a source of information. The Hill reported that lawmakers were not satisfied with many of the answers in the letters and will “push for whatever steps are necessary” to provide greater transparency about how these firms collect data.

Judge to look into Apple v. Samsung foreman’s conduct: Judge Lucy Koh said in an order that she will investigate whether the foreman of the jury in the patent trial between Apple and Samsung improperly concealed information during the jury selection process.

Velvin Hogan, the foreman, was largely credited with explaining the more technical aspects of the case to his fellow jurors relying on his background as a hardware engineer. As CNET reported, Hogan had been involved in a lawsuit with his former employer, Seagate, in the past, but said he was not asked to disclose all of his litigation history when being interviewed for the jury.

Samsung has asked the court to consider overturning the jury’s $1 billion decision in Apple’s favor.

China Telecom to offer iPhone 5: Apple will be increasing its iPhone 5 footprint in one of its most important markets — China. The Wall Street Journal reported Friday that China Telecom, the country’s third-largest carrier, will be carrying the iPhone 5 in late November or early December.

China Telecom chairman Wang Xiaochu told the paper that his carrier would have the phone in a Friday interview. Officials at China Unicom, another major carrier, were less sure about when they would be getting the phone. The Journal reported that the carrier did say it hopes to offer the phone this year.

By  |  02:45 PM ET, 11/09/2012

 
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