Originally Posted by
itsme
Thanks. I didn't recall that one saw the total price, taxes and fees, before the bid is submitted.
As for that patent, I do recall sometime back reading about how the owner of PL wanted to sell, but didn't get his price, and a good part of the value was in the patent(s). Does that patent give him/them a lock on this bidding thing?
Jay Walker, through his company Walker Digital, was the original patent holder and the founder of Priceline, along with backers that included George Soros. The patent is part of the company's assets. Walker and his company (that does inventions-oriented research) are no longer associated with Priceline and the patent has stayed with Priceline.