Microsoft Acquires Farecast For $115M

Rumors about the acquisition of Farecast are accurate – in a very brief blog post CEO Hugh Crean says they’ve been acquired by Microsoft.

SeattlePI, which first broke the rumor last week, says the price tag was $115 million. While the two companies are an understandable fit given their proximity and partnership over MSN Travel, SeattlePI reports that Farecast entertained multiple offers before accepting Microsoft’s. Read full story