AOL Gets Out of Kayak

Forgive me if this is old news, but it seemed new to me: AOL says it has sold off its stake in Kayak, the giant travel site, for $19 million. The company mentions the deal as an aside in its Q2 earnings release and says the deal closed late last month. It had owned a chunk of Kayak since 2004; the sale is part of an overall slim-down effort that has seen the company dump Bebo and ICQ, among other assets.