Kayak Acquires Assets of Struggling Brazilian Metasearch Company Mundi

Kayak has acquired the assets, including the domain and user information and the mobile apps, of the Brazilian metasearch company Mundi. Kayak will maintain the Mundi brand but is porting it over to its own technology stack. Mundi, based in Rio de Janeiro, will join Kayak's portfolio alongside recently acquired metasearch brands Momondo and Cheapflights. Kayak chief executive Steve Hafner tells Skift that the overlap of users of Mundi, Kayak, and Momondo is less than 20 percent. The alignment of Kayak and Mundi comes as a surprise in that Mundi had previously been working with Kayak's rival Skyscanner, owned by Chinese travel giant Ctrip, to power international flights on a white-label basis. Hafner confirms that that arrangement has stopped and Kayak is powering Mundi's platform. Kayak was able to buy Mundi's assets directly without parent company Priceline Group being involved, Hafner says. Given that detail, the acquisition price wasn't likely steep, but Kayak