priceline.com

(PCLN)

gained 15.9% in preopen

Island

trading after announcing Tuesday that it settled a suit against

TheStreet Recommends

Microsoft

(MSFT) - Get Microsoft Corporation (MSFT) Report

and the travel Web site

Expedia

(EXPE) - Get Expedia Group, Inc. Report

, which is majority-owned by Microsoft. priceline will get a royalty from Expedia for its name-your-own-price system.