Priceline Is
Buying OpenTable for
.6 Billion
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
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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...
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