Thursday, January 13, 2011

TripIt Bags An ExIt ? Acquired By Concur For Up To $120 Million

Concur, a publicly-listed provider of integrated travel and expense management solutions, this morning announced it has agreed to acquire TripIt, which helps travelers easily organize and share travel plans. Concur is initially paying approximately $82 million in upfront cash, stock and unvested restricted stock units - additional consideration over time could bring the total value to $120 million. More details on the financials are below.

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