May 18, 2010 / 10:13 PM / in 8 years

UPDATE 1-Priceline.com acquires TravelJigsaw

* Terms of the deal not disclosed

* To retain current management team

May 18 (Reuters) - Online travel agency Priceline.com (PCLN.O) said it acquired Manchester-based TravelJigsaw Ltd, a car hire reservation provider, to expand its international business.

    The terms of the deal were not disclosed.

    Priceline.com said it intends to retain TravelJigsaw’s current management team, which will maintain a minority stake in the company and continue to manage TravelJigsaw’s operations.

    TravelJigsaw offers its car hire services in more than 4,000 locations in 80 countries in North America, South and Central America, Europe, Asia, Australia, the Caribbean, Africa and the Middle East.

    Shares of Priceline.com closed at $192.86 Tuesday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Roshni Menon) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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