Priceline Buying OpenTable for $2.6 Billion

NEW YORK (AP) — Priceline says it is buying online restaurant reservation company OpenTable for $2.6 billion. The deal should help Priceline, the online travel company, branch out into a new business segment. Priceline Group Inc. will pay $103 per share, which is a 46 percent premium to OpenTable Inc.’s Thursday closing price of $70.43. OpenTable seats more than 15 million diners per month at more than 31,000 restaurants.



from Yahoo Tech http://ift.tt/1v9AqHu

via
Share on Google Plus
    Blogger Comment