Around the Net
Could Kayak Purchase Spark New Start-ups?
- Boston Globe, Friday, November 16, 2012 1:45 PM
When Waltham mobile ad start-up Quattro Wireless was purchased for $275 million in 2010, a number of similar companies started popping up in the area – such as Session M and Adelphic Mobile, says The Boston Globe. TheGlobe speculates that Priceline’s recent $1.8 billion purchase of Kayak could entice entrepreneurs to launch their own similar start-ups.
Former Executive at Lotus Development Corp. Don Bulens told TheGlobe, “The early and successful people who were part of that company get an opportunity to go out and try it again, and create these new companies that become market leaders.”
