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“Microsoft acquires Farecast – Seattle travel cost predictor’s price tag put at $115 million” (Seattle PI)

Read the article here.

“Microsoft is the mystery buyer of Farecast …

“Madrona Venture Group’s Matt McIlwain, the earliest venture investor in Farecast, said the company entertained multiple offers … he said the deal is notable because it touches nearly every part of the innovation economy in the Pacific Northwest.

“Farecast was started by University of Washington computer scientist Oren Etzioni, initially bankrolled by Madrona, built with people from local companies such as Alaska Airlines and AdRelevance and, ultimately, acquired by Microsoft.”

PI Microsoft Blog here
PI Venture Blog here
Seattle Times here
Puget Sound Business Journal here

April 1, 2008