Farecast sold for $75 million
Farecast has been sold in a deal that values the online travel search startup at more than $75 million.
According to the Seattle Post Intelligencer
The buyer was not known, and Farecast Chief Executive Hugh Crean declined to comment late Sunday.
But one natural choice would be Expedia, the Bellevue travel juggernaut. Expedia spokeswoman Katie Deines said Sunday that the company does not comment on “rumors and speculation.”
Farecast predicts whether airfares will rise of fall in the future based on complex algorithms. Evidently, these predictions are successful enough to merit $75 million.
Now if we could get a website to predict whether flights will be on time or whether they will even fly, we might be onto something.
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