Priceline Is Buying OpenTable for $2.6 Billion
 

Priceline Is Buying OpenTable for $2.6 Billion
http://rack.3.mshcdn.com/media/ZgkyM...OpenTable1.jpghttp://rack.3.mshcdn.com/assets/feed...013aed8d66.jpghttp://rack.1.mshcdn.com/assets/feed...3b7fd07c38.jpg
Priceline.com is buying restaurant booking service OpenTable for $2.3 billion, the travel company an**unced Friday, paving the way for a new line of business for the online bidding firm.

The company is offering $103 a share for OpenTable, which is 46% more than its closing price on Thursday. Priceline is hoping to close the deal in the second quarter

See also: If Your Food Told the Brutal Truth


"OpenTable is a great match for The Priceline Group. They provide us with a natural extension into restaurant marketing services and a wonderful and highly-valued booking experience for our global customers," Darren Huston, president and CEO of The Priceline Group said in a statement Read more...

More about Opentable, Business, Priceline, and Work Playhttp://feeds.feedburner.com/~r/Mashable/~4/gRC9ULAduP8