Startup Kayak Raises $196 Million, Buys Rival SideStep

Michael Arrington reveals that travel startup Kayak is buying its rival SideStep for $200 Million. SideStep and Kayak are the two leaders in the discount travel search space (along with Mobissimo and Farecast). Kayak is reportedly doing around $50 million in yearly revenues, compared to SideStep’s $35 million. (read full story at: techcrunch.com)