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
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
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.