Priceline.com Acquires UK Car-Hire Reservation Service

Priceline.com PCLN said late Tuesday that it has acquired U.K.-based car-rental company TravelJigsaw Ltd. Terms of the deal were not disclosed. According to Dow Jones, Priceline.com said it plans to keep TravelJigsaw's current management team, who will hold a minority ownership stake in the company. Established in 2004, TravelJigsaw has more than 4,000 locations in 80 countries in North and South America, Europe, Asia, Australia, the Caribbean, Africa and the Middle East. Priceline.com President and Chief Executive Jeffery Boyd remarked, “We believe that TravelJigsaw will be a valuable addition to our group of fast-growing international businesses." Shares of PCLN closed at $192.86, lower by 3.645 on the session.