Priceline acquires UK-based travel metasearch site Momondo Group

The Priceline Group has signed a deal to acquire UK and Denmark-based travel search site Momondo Group for $550 million in cash. Momondo offers a metasearch engine for hotels, flights, and cars in Europe. Priceline bought the company from its previous owner Great Hill Partners, a private equity firm that invested $130 million in the Momondo Group in 2014 taking a majority stake.