AOL enters the online travel market
America Online is aiming to get a piece of the travel search market, announcing plans to introduce a new Web-based property to compete with the likes of Travelocity.com and Expedia.
The Internet company is making a minority investment in interactive services company Kayak Software to get the travel search site off the ground. The Kayak.com search engine will power the new travel comparison site, and the two companies will work in partnership on marketing and technology, AOL says.
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