Priceline Remains the Best-Positioned Online Travel Company as Its Momondo Acquisition Closes
Priceline has completed the acquisition of metasearch company Momondo, a platform we believe can support the strengthening network advantage we see for the company over the next several years. The closing of the deal is ahead of the end of year that we had forecast, and we plan to account for the earlier completion when Priceline reports its second-quarter results on Aug. 8. That said, we don’t expect the change to alter our existing $2,030 fair value estimate much, as Momondo represents only 1....
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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