We’ve covered Farecast numerous times in the past: back in June 2006, at its initial launch; later in May 2007, when the company tossed its beta tag; again in August, as it announced a partnership with MSN; and once more last September when it presented the Facebook marketplace with its own application.
Today we give the company yet another mention, if only to let you know that they’ve been sold off. To whom? Their CEO, Hugh Crean, is keeping his lips sealed on that detail, says John Cook of The Seattle Post-Intelligencer, though a whisper of Expedia being the suitor seems to be floating around the ether.
What we definitely can tell you is that Farecast has been taken for $75 million, which, given that it has amassed investments from financiers among the likes of Madrona Venture Group, Graylock Partners, Par Capital Management, Sutter Hill Ventures, WRF Capital and others totally some $20.6m, the returns are looking quite good for about two years of hard work.