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hotel affiliate network acquired

 2:38 pm on Aug 12, 2002 (gmt 0)

Cendant Buys Lodging.com in Cash Deal [reuters.com]



 2:58 pm on Aug 12, 2002 (gmt 0)

Too bad they did not disclose the purchase price - that would have been interesting to see.

The lodging.com news release [lodging.com] says that were doing 80,000 reservations a month.


 3:09 pm on Aug 12, 2002 (gmt 0)

>80,000 reservations a month

That strikes me as low, I would have guessed 2 or 3 times higher.

It must have struck Lodging as low, too. It's now been changed to 115,000.

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