Priceline Is Buying OpenTable for $2.6 Billion

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Priceline Is Buying OpenTable for $2.6 Billion

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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"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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