$1.6B for a service similar to what flights.google.com gives for free.
No, there is no overvaluation or tech bubble.)
No, there is no overvaluation or tech bubble.)
And, for that matter, flights.google.com is based on their acquisition of ITA Software for $700M in 2010, so clearly there is a market for companies like this: http://www.google.com/press/ita/