TV 2 Danmark Takes Momondo Stake

COPENHAGEN, June 11: TV 2 Danmark has acquired a stake in
Momondo.com, a search tool for finding cheap flights in Europe.

The Danish broadcaster says it will use the Momondo
acquisition to build the largest travel community in Denmark, with editorial
content, city guides and booking functionalities.

“Making the travel industry more transparent is our primary
goal,” said Jens Willumsen, the chairman of the board at Momondo. “Momondo
doesn't sell tickets, but simply passes the visitor onto the travel agencies
sites. Therefore, the ambition is not to sell anything, but to inform people on
the cheapest tickets available.”