NORWALK, CT and SEATTLE, WA, January 9, 2001 \u2013 Priceline.com Incorporated, Expedia, Inc. and Microsoft Corporation today announced that they have settled two lawsuits brought by priceline.com\u00ae against Microsoft\u00ae and Expedia\u00ae in U.S. District Court in Connecticut.<\/p>\n
Under the settlement, Expedia.com\u00ae will continue to operate its Price Matcher\u2122 services and has entered into a royalty arrangement with Priceline.com. Expedia.com and Priceline.com said they do not expect this arrangement to have a material impact on their respective businesses.<\/p>\n
In a joint statement, Priceline.com and Expedia said, “We believe this settlement is in the best interests of our companies. This settlement resolves all legal issues between the parties and allows us to move forward.”<\/p>\n
Details of the settlement agreement are confidential, and the parties have agreed to make no comments on the terms of the settlement beyond those contained in this news release. <\/p>\n
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Microsoft is a registered trademark of Microsoft Corp. in the United States and\/or other countries.<\/p>\n
Priceline and Priceline.com are registered trademarks of Priceline.com Incorporated in the United States, Canada and\/or other countries.
For more information, press only:<\/p>\n","protected":false},"excerpt":{"rendered":"