Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Priceline Group To Buy OpenTable For $2.6 Bln - Quick Facts

RELATED NEWS
Trade PCLN now with 

Priceline Group Inc. (PCLN: Quote) has agreed to acquire OpenTable, Inc. (OPEN: Quote) in a cash deal worth $103 per share or $2.6 billion.

With more than 15 million diners seated per month across over 31,000 restaurants, OpenTable is an online restaurant reservations provider. OpenTable has seated over 125 million diners worldwide through its mobile solutions, launched in 2008.

OpenTable would continue to be headquartered in San Francisco, CA and would operate as an independent business led by its current management team within The Priceline Group.

The boards of both the companies have approved the purchase, which would be effected via. a tender offer and may close in the third quarter of 2014, including the receipt of regulatory clearance.

Click here to receive FREE breaking news email alerts for Priceline.Com Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.K. retail sales increased only marginally in June on weak clothing sales as stores delayed summer clearances due to good weather, data from the Office for National Statistics showed Thursday. However, retail sales during the second quarter hit a 10-year high, signaling strong support from consumer demand to overall economic growth. After ending the previous session mixed, stocks are likely to move to the upside in early trading on Thursday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 24 points. The Eurozone private sector growth rebounded at the start of the third quarter from a six-month low as strong expansion in Germany neutralized the contraction in France. The flash composite output index rose to 54 in July to match April's three-year high level, flash survey data from Markit Economics showed Thursday. A reading above 50 indicates expansion in the private sector.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.